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134 Morton Ave Moncton, New Brunswick E1A 3H6

4630 sqft
Window Air Conditioner Baseboard Heaters

$845,000

Welcome to 134 Morton Avenue. This income property is an amazing real estate investment opportunity for in the booming Moncton market. This building was very well maintained and was also renovated as needed to keep it in tip top shape for tenants over the years. All current tenants (full building) have been living at 134 Morton for over 3-4 years each. Location here is a big plus for tenants who can find everything they need at close proximity; it's only a few minutes away from the downtown core and situated a quick walk away from the University Stadium and stores. The units are 898 squared feet each and have one bathroom and two bedrooms (apart from one unit that has 1 bedroom). There is a spacious laundry room and two entrances to the building as well as two spacious hall ways & staircases. The lower level units have large windows because the foundation is raised so that the bottom units are seemingly indifferent that the ones above because half the units are above the ground grade and have full windows. The parking lot is very functional and has more than enough space. There is also a walking trail adjacent to the property and lots of space around the building. The property is easy to maintain and is currently managed by someone who can continue taking care of it for a good rate if clients are interested. At least one of the units is available for a showing upon request. Strong rental income and low costs to hold this one in your portfolio. (id:42550)

Property Details

MLS® Number M140114
Property Type Multi-family
Equipment Type Water Heater
Features Paved Driveway
Rental Equipment Type Water Heater

Building

Basement Development Finished
Basement Type Common (finished)
Constructed Date 1984
Cooling Type Window Air Conditioner
Exterior Finish Vinyl Siding
Foundation Type Concrete
Heating Fuel Electric
Heating Type Baseboard Heaters
Size Interior 4630 Sqft
Total Finished Area 7464 Sqft
Utility Water Municipal Water

Land

Access Type Year-round Access
Acreage No
Sewer Municipal Sewage System
Size Irregular 876 Sq/m
Size Total Text 876 Sq/m|under 1/2 Acre

https://www.realtor.ca/real-estate/23939340/134-morton-ave-moncton

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