Barwise Realty - One Company, One TeamOffice: 506-458-9500 Fax: 506-453-9487
514 Needham Street, Fredericton, NB, E3B 1P3
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Office: 506-458-9500 Fax: 506-453-9487
514 Needham Street, Fredericton, NB, E3B 1P3
Barwise Realty - One Company, One Team

$4,900,000
20 & 30 Dunns Crossing Road, Fredericton, New Brunswick

MLS®: NB022068

Property Details

Type:Multi-family
Lot Size:8094sq.metres
Land Features:Landscaped
Access Type:Year-round access

Exceptional Multi-Residential Income Property for Sale Two sixteen-unit buildings on the same PID. Prime rental property located in Skyline Acres/Forest Hill area of Fredericton. On the bus route and walking trail so just a short walk to the Campuses of UNB and Saint Thomas. One building is @ 4 years old and the other @ 8 years old so they are the youngest apartment buildings in the area. These buildings cater to student housing. There are 15 4-bedroom units and 1 3-bedroom unit in each building for a total of 32 units. The unique revenue model used is based on yearly leases for each room. Most rooms rent for $490 per month so there is a total of 126 rental units. Each unit is furnished (except for the bedrooms) with dining room set, living room furniture, flat screen TV plus fridge, stove, dishwasher and washer and dryer. Weekly housekeeping services are also included as is the electricity. Students can live here and not have to worry about fluctuating costs as everything is looked after for them. Plenty of paved parking also included. (id:12367)

Amenities

Features:Level lot
Exterior:Brick, Vinyl
Foundation Type:Concrete
Flooring Type:Ceramic, Vinyl
Water:Municipal water
Sewer:Municipal sewage system
Heating:Electric Baseboard heaters

Michele Morris
Michele Morris
Associate Broker
506-470-0978 /
michele@barwiserealty.com


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