566 Route 111

For Sale New 7 Days
$489,900
beds
baths
2,300 Sqft

566 Route 111

For Sale New 7 Days
$489,900
beds
baths
2,300 Sqft

Highlights

Key insights

Description

  • Home value ($/Sqft)
    $213/Sqft
  • Time on Houseful
    new 7 days
  • Property type
    Multi-family
  • Lot size
    0.63 Acre
  • Year built
    1967
  • Mortgage payment

Welcome to 566 Route 111, a fully rented triplex that blends modern upgrades with excellent investment potential in a serene rural setting. This property has undergone extensive renovations, ensuring both comfort and value. The top unit is a bright, completely updated 3-bedroom apartment featuring brand-new flooring, trim, fixtures, and a stylishly redesigned kitchen and bathroom. It currently rents for $1,700 per month with heat and lights included. The middle unit, which is identical in layout to the top floor, presents an exciting opportunity to update and increase its rental income, as it is currently rented at $1,250 per month, also with heat and lights included. On the lower level youll find a coin-operated laundry and a storage area, along with a beautifully renovated 1-bedroom unit boasting fresh flooring, trim, fixtures, and a modern kitchen and bath, renting for $1,300 per month with utilities included. All three units are equipped with energy efficient mini-split heat pumps for year-round comfort. The property also offers a private yard, perfect for entertaining, along with close proximity to St. Martins, SJ Airport, east Saint John, Quispamsis, and several nearby lakes, providing an ideal balance of rural charm and urban convenience. With a gross annual income of $52,000 and operating expenses of just $10,230, this property delivers a net income of $41,770, making it a lucrative investment opportunity. New Gravel in Driveway. Dont miss out. (id:63267)

Rob Macdonald of RE/MAX Professionals,
#NB126956
updated 1 week ago.
Houseful checked MLS® for data 1 week ago.

Home overview

Amenities / Utilities
  • Cooling
    Heat pump
  • Heat type
    Baseboard heaters, heat pump
  • Sewer/ septic
    Septic system
Interior
  • Flooring
    Ceramic, laminate, vinyl
Location
  • Directions
    1616230
Lot/ Land Details
  • Lot desc
    Landscaped
  • Lot dimensions
    0.63
Overview
  • Lot size (acres)
    0.63
  • Building size
    2300
  • Listing #
    Nb126956
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28879620/566-route-111-willow-grove
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-1,306

/ Month
25 Years fixed, 20% down payment, % interest
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