Five-unit investment property for sale in downtown Moncton! Located at 371 Lutz Street, between St. George Street and Mountain Road, this apartment building offers five two-bedroom units close to shopping, restaurants, services and downtown amenities. Each apartment has its own electrical panel, with a separate house meter. Heating includes electric baseboards and mini-split heat pumps for added comfort. On-site coin-operated laundry and paved parking provide everyday convenience. The apartments have been renovated over the years, with finishes that include hardwood and ceramic tile flooring, updated kitchens and renovated bathrooms. The building features approximately 4,888 square feet of gross building area and a unfinished poured concrete basement. Whether you are purchasing your first apartment building or expanding your rental property portfolio, this five-unit property offers a central Moncton location and five two-bedroom apartments under one roof. Contact your REALTOR® for current rental income, operating expenses and viewing arrangements. (id:4069)
Address
371 Lutz Street
List Price
$720,000
Property Type
Multi-family
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Moncton
Floor Area
4,888 Sq. Ft.
Lot Size
470 Sq. Ft.
MLS® Number
NB149090
Listing Brokerage
RE/MAX Quality Real Estate Inc.
Basement Area
Crawl space
Postal Code
E1C5G8
Ownership
Freehold
Features
Level lot, Balcony/Deck/Patio
Appliances
Refrigerator, Stove
Heat Type
Baseboard heaters
Cooling Features
Air Conditioned
Foundation Details
Concrete
Water Source
Municipal water
Access To Property
Year-round access, Public Road
Sewer
Municipal sewage system
