INVESTMENT OPPORTUNITY. PRIME LOCATION. STRONG INCOME POTENTIAL! Add a solid multi-unit asset to your portfolio with this four-unit residential income property ideally located in the heart of Moncton. Featuring four separate electrical panels and a desirable configuration of spacious two-bedroom apartments, this property offers a turnkey investment opportunity with dependable rental income and long-term growth potential. All four units are currently rented at $1,300 per month, with tenants responsible for their own utilities, providing a stable revenue stream. The separate electrical panels help streamline property management while keeping operating costs in check. Recent improvements add significant value and peace of mind, including a new roof and updated siding completed in 2023. Units 221, 223, and 227 were repainted and updated in 2024, while Unit 225 was repainted and updated in 2026, reflecting ongoing care and maintenance throughout the property. Ideally situated just steps from Dr. Georges-L.-Dumont University Hospital Centre and within walking distance to Downtown Moncton, this sought-after location continues to attract quality tenants. Residents enjoy convenient access to healthcare services, shopping, restaurants, public transit, entertainment, and everyday amenities. Whether youre looking to expand your portfolio, secure a stable income-producing property, or invest in a prime Moncton location, this well-maintained fourplex is an opportunity worth exploring. (id:4069)
Address
221-227 Bonaccord Street
List Price
$639,900
Property Type
Multi-family
Type of Dwelling
Fourplex
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Moncton
Floor Area
4,144 Sq. Ft.
Lot Size
465 Sq M.
Year Built
1900
MLS® Number
NB142009
Listing Brokerage
Real Broker
Postal Code
E1C5M5
Ownership
Freehold
Heat Source
Electric
Heat Type
Baseboard heaters
Foundation Details
Block, Stone
Water Source
Municipal water
Access To Property
Year-round access, Public Road
Sewer
Municipal sewage system
