$599,000

213 Route 124
Norton, New Brunswick E5t1b7
MLS® Number: NB060187

Welcome to this amazing opportunity to own a 7 unit building PLUS a 2800 sq foot building offering store front on the Main route through Norton and a large workshop garage at rear. Starting outside you will find a large private lot with tons of parking for all and private access to buildings. Moving inside the 7 unit you will find very well maintained units offering 1 - 1 bedroom and 6 - 2 bedroom apartments. Most units are equipped with it's own washer/dryer hook up and they are all separate metered with baseboard electric heat. All the 2 bedroom units are spacious and move in ready. Vendor has taken great care of building and it shows. This building also offers a full basement for storage and work space if needed. Moving to second building (shop/store front) it was newly constructed in 2007 after a fire destroyed old building. It is 106 x 26 and build on a slab. Front half would make a great store as you have store frontage to main street through Norton and back half has garage/storage space. This building is heated with ducted heat pump and is also on it's own meter. Note that current owner occupies this building and will be moving out upon sale but would consider renting. This property has been owned by same owner now for 35 years and pride of ownership shows. Current rents are well below average rents in the area and potential for stronger income is not an issue. Local property manager states that rents should be at least $750 plus other building able to generate $$$. (id:34572)


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Property Summary

  • Bedrooms N/A
  • Bathrooms N/A
  • Architectural Style N/A
  • Property Type Multi-family
  • Square Footage N/A
  • Total Finished Area 3500 sqft
  • Built In N/A
  • Exterior Finish Colour Loc
  • Heating Electric, Oil Baseboard heaters, Forced air
  • Title N/A
  • Rental Equipment Water Heater
  • Basement Type N/A
  • Parking Type Garage
  • Features N/A
  • Flooring Laminate, Wood
  • Type N/A

Land Properties

  • Lot Size 18524.69 sqft
  • Access Type Year-round access
  • Water Drilled Well, Well
  • Features N/A
  • Sewer Municipal sewage system

Property Map