17 Baxter Street, Norton

A rare opportunity to own a fully occupied four-unit multi-family property in the heart of Norton, NB! With very few multi-family properties that come available in the area, this is a solid investment with excellent income potential. Each of the spacious units offers 2 bedrooms and 1 bath, with Unit 4 featuring an additional den. All tenants pay their own utilities. Rental income breakdown as follows: Unit 1 $725/month; 2 $750/month; 3 $750/month; 4 $800/month. Each unit is equipped a washer and dryer, though in one unit, the tenant owns the washer and dryer, and in another, the tenant owns the dryer. Water is supplied by two drilled wells and features a reverse osmosis water treatment system, the property is connected to municipal sewage. Sitting on a large 1.38-acre lot spanning four PIDs, the property offers ample parking and plenty of outdoor space, a rare find for a multi-unit building. This is a great opportunity for investors looking for a turnkey rental property with room to enhance value through unit improvements and rent adjustments. Its also an excellent option for a buyer looking to offset their living expenses by residing in one unit while generating income from the others. Dont miss outschedule a viewing today! Annual Expenses: taxes (2024) $2662, municipal sewage $1000, insurance $2500. 24 hour notice required for all showings. Offers due Feb 25, 12pm. (id:6289)

Essential Information

Listing #NB112813

Price$374,900

Bathrooms0.00

Acres1.38

TypeMulti-family

Community Information

Address17 Baxter Street

CityNorton

ProvinceNew Brunswick

Postal CodeE5T1A1

Interior

HeatingBaseboard heaters

Appliances

Refrigerator, Stove, Washer, Dryer

Exterior

ExteriorVinyl

FoundationBlock

Listing Details

OfficeKELLER WILLIAMS CAPITAL REALTY