$325,000

RARELY OFFERED!!! Picture yourself owning one of the few multi-unit properties available on the Kingston Peninsula, collecting reliable rental income while enjoying water views and future upside on a 1.43-acre property. This four-unit income property in Kingston Peninsula, New Brunswick offers that opportunity and more, with three occupied units generating $30,600 annually and a vacant fourth unit ready to generate additional income or provide a place to live while your tenants help offset your mortgage. You will love the stability of three long-term tenants with more than 60 combined years of tenancy, the very low operating expenses that help maximize returns, and the potential to increase gross annual income to approximately $39,000 by renting the vacant fourth unit. Set on 1.43 acres with water views in one of New Brunswicks most scenic communities, you are surrounded by waterfront living, small-town charm, and convenient access to Saint John, Rothesay, Quispamsis, and Hampton. Whether you are an experienced real estate investor looking to add a rare income-producing asset to your portfolio or a buyer seeking a mortgage-helper property with room for future growth, this building offers stability, flexibility, and long-term potential in a market where multi-unit properties rarely become available. If you have been searching for homes for sale in Kingston Peninsula with investment potential or Kingston Peninsula, New Brunswick real estate that can generate income from day one, this opportunity deserves your attention. Ready to see it for yourself? Book your private showing today. (id:64343)

Property Details

MLS® Number	NB141228
Property Type	Multi-family
Equipment Type	None
Rental Equipment Type	None

Building

Appliances	Refrigerator, Stove, Washer, Dryer
Basement Development	Finished
Basement Features	Walk Out
Basement Type	Full (finished)
Exterior Finish	Cedar Shingles, Wood Shingles
Flooring Type	Carpeted, Laminate, Tile, Linoleum, Wood
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Size Interior	3,045 Sqft
Total Finished Area	3045 Sqft
Type	Fourplex
Utility Water	Well

Land

Acreage	Yes
Sewer	Septic System
Size Irregular	5787
Size Total	5787 M2
Size Total Text	5787 M2

https://www.realtor.ca/real-estate/29870783/61-bates-lake-road-kingston