Property Details
566 Route 111, Willow Grove, New Brunswick, E2S1M9
RE/MAX Professionals - Saint John*
Cell: Barry: 506-647-8902 - Rob: 506-608-1906
Tel: 506-634-8200
$489,900 - For sale
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 $1,575 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 $1,275 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 $49,900 and operating expenses of just $10,230, this property delivers a net income of $39,670, making it a lucrative investment opportunity. Dont miss your chance to own this gem. (id:2471)
- Property Address:566 Route 111, Willow Grove, New Brunswick, E2S1M9
- Property Type:Multi-family
- Lot Size:0.63 ac
- Sewage Type:Septic System
- Water Type:Drilled Well, Well
- Access:Year-round access
- Structure Style:Triplex
- Building Age:1967
- Total Finished Area:2300 sqft
- Heating Type:Baseboard heaters, Heat Pump
- Flooring:Ceramic, Laminate, Vinyl
- Foundation Type:Concrete
- Cooling Type:Heat Pump
- Appliances Included:Refrigerator, Microwave, Stove, Washer, Dryer
- Exterior Type:Vinyl
REALTORS®
RE/MAX Professionals - Saint John*
Cell: Barry: 506-647-8902 - Rob: 506-608-1906
Tel: 506-634-8200
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
- Map 566 Route 111, Willow Grove, New Brunswick, E2S1M9
- Neighbourhood Information
566 Route 111, Willow Grove, New Brunswick, E2S1M9
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