Space
Finished area and layout
- Living Area
- 2,300 sqft
- Above Grade
- 2,300 sqft
- Finished Breakdown
- Above 2,300 sqft
+27 more
2,300 sqft
Living Area
0.63 ac
Lot
1967
Year Built
Property Snapshot
Key details for this listing
MLS #NB142145
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
- Freehold
- Year Built
About This Property
This multi-family in Willow Grove offers 2,300 sqft of living area on a 0.63 ac lot. Built in 1967. The property has lot dimensions of 0.63. The home features laminate and ceramic and vinyl flooring, heat pump, baseboard heaters heating, heat pump.
MLS Remarks
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 $1,300 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 $52,600 and operating expenses of just $10,454, this property delivers a net income of $42,146, making it a lucrative investment opportunity. New Gravel in Driveway. Dont miss out. (id:60351)
Full Listing Details
Address566 Route 111
MLS#NB142145
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
Days on Market130
Common InterestFreehold
Annual Tax$3,455
Structure TypeTriplex
AttachedAttached
StyleMultiplex
Year Built1967
Living Area2,300 sqft
Above Grade Area2,300 sqft
CityWillow Grove
ProvinceNew Brunswick
Postal CodeE2S1M9
Lot Size0.63 ac
Lot Dimensions0.63
Lot FeaturesBalcony/Deck/Patio
HeatingHeat Pump, Baseboard heaters
CoolingHeat Pump
FlooringLaminate, Ceramic, Vinyl
FoundationConcrete
AppliancesWasher, Refrigerator, Stove, Dryer, Microwave
ExteriorVinyl
SewerSeptic System
Water SourceDrilled Well, Well
Annual Tax$3,455
From Loch Lomond - Route 111 toward St Martins, property on left.
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