$800,000

Prime 6-Unit Multifamily Opportunity Steps from the Moncton Hospital Located just a short walk from the Moncton Hospital, this fully renovated 6-unit property is the definition of a turn-key investment. Completely upgraded from top to bottom in 2018, including roof, interiors, plumbing, electrical, and common areas! The building features five 1-bedroom suites of approximately 360 sq. ft. each, plus one additional studio unit, all designed for function and consistent demand. The property has been professionally managed, ensuring strong tenant relations. As of November 1, the property generates a gross monthly rent of $6,600. Consider all-inclusive leases that appeal to healthcare workers, students, and downtown professionals seeking predictable monthly costs. For investors looking to scale, this building could be an excellent candidate for CMHCs MLI Select program, with median market rents and the potential to add energy-efficient upgrades such as ductless heat pumps (buyer to qualify/verify). Whether youre expanding your portfolio or entering the multifamily market with a solid, low-maintenance asset, this centrally located 6-unit delivers reliability, walkability, and long-term potential. Reach out to your REALTOR®? for more information. (id:31622)

Property Details

MLS® Number	NB130203
Property Type	Multi-family
Equipment Type	Other, Water Heater
Rental Equipment Type	Other, Water Heater

Building

Appliances	Refrigerator, Microwave, Stove, Washer, Dishwasher, Dryer
Basement Type	Full
Cooling Type	None
Exterior Finish	Aluminum/vinyl
Flooring Type	Laminate
Foundation Type	Concrete
Size Interior	2,160 Ft2
Total Finished Area	2160 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	5000
Size Total	5000 Sqft
Size Total Text	5000 Sqft

https://www.realtor.ca/real-estate/29109193/253-west-lane-moncton