785-787 Main Street, Moncton

This prime investment opportunity is perfectly situated in the heart of downtown Moncton, offering an unbeatable location and steady rental income. The building consists of one commercial unitcurrently occupied by Cest la Vie Café as a long-term tenant on a secure leaseand four fully occupied residential units. Please note, the café is not for sale but will remain as a tenant, providing consistent revenue for the new owner. Basement is partially finished. The residential units boast an impeccable rental history with no vacancies since 2012, contributing to a total rental income of over $120,000 annually. The building is efficiently heated with natural gas, hot water radiators, and electric mini splits, while its position between two other buildings enhances energy efficiency. With separate utility metering, minimal additional expenses, and the commercial tenant covering snow removal, garbage, and patio costs, this property offers low maintenance and strong profitability. Priced at $1,025,000, this investment promises excellent returns. Detailed financials are available in the attached income/expense statement, or contact the listing agent for further information. Properties like this1 commercial unit and 4 residential unitsrarely come on the market in downtown Moncton. Dont miss this opportunity! (id:6289)

Essential Information

Listing #NB107278

Price$1,025,000

Bathrooms0.00

Acres0.05

TypeMulti-family

Sub-TypeFreehold

Community Information

Address785-787 Main Street

CityMoncton

ProvinceNew Brunswick

Postal CodeE1C1E9

Interior

CoolingHeat Pump

# of Stories3

Appliances

Refrigerator, Microwave, Stove, Washer, Dryer

Heating

Natural gas Heat Pump, Hot Water, Radiator

Exterior

ExteriorAluminum/Vinyl

FoundationConcrete, Stone

Listing Details

OfficeEXP Realty

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