188 Mountain Rd Moncton, New Brunswick E1C 2L4
$1,300,000
Don't miss this fantastic opportunity... Prices 200k+ under value means you are buying into instant equity. The upper commercial space could easily be converted to 2 more single bedroom units as there are already 2 bathrooms there. The Iconic Pizza Delight restaurant has been in place for over 30 years and have just signed a new lease for 10 more minimum. With 5 other residential apartments in the building and the extra large lot for severing and re sale of future development make this thing an ideal investment to the future. Seller is also offering a very attractive VTB option at amazing terms to really entice the educated investors.. Lots of renovations and upgrades over the last year including a new Membrane roof with proper sloping and drainage. Add into the mix a great Commercial lease terms (30% of most expenses) and you're looking at the deal of the decade in this area! The seller has also converted the basement (used to house spin it records to a paid storage area for the tenants as well as a paid laundry area for the building. DON'T HESITATE! Reach out to your favorite REALTOR® today. (id:42550)
Property Details
| MLS® Number | M159317 |
| Property Type | Multi-family |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
Building
| Exterior Finish | Aluminum Siding |
| Foundation Type | Concrete |
| Heating Fuel | Electric, Natural Gas, Propane |
| Heating Type | Baseboard Heaters, Forced Air |
| Size Interior | 7392 Sqft |
| Total Finished Area | 8542 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 1886 Sqm |
| Size Total Text | 1886 Sqm|1/2 - 1 Acre |
https://www.realtor.ca/real-estate/26875484/188-mountain-rd-moncton
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June 06 2024 06:20:05
Greater Moncton REALTORS® du Grand Moncton
Keller Williams Capital Realty