Description
Located in the heart of downtown Shediac, 404 Main Street is a well-maintained 11-unit investment property offering a rare combination of charm, character, location, and a strong rental history. The property consists of two separate buildings and presents an excellent opportunity for investors looking to add a solid income-producing property to their portfolio. The front building is a designated heritage property, full of character and charm. It features a secure entrance, inviting lobby, and four residential units, along with a convenient coin-operated laundry facility in the basement. The building is individually metered and includes two water heaters. The unfinished basement also provides additional storage space, offering practical benefits for both the property and its tenants. The second building consists of seven residential units, most of which are equipped with their own in-unit washer and dryer. The remaining two units have access to the laundry facilities located in the main building. Constructed on a slab, this building offers a variety of unit layouts to accommodate different tenant needs. The property has an excellent rental history with predominantly long-term tenants, providing stability and confidence for investors. Utilities are not included in the rents. One of the property's greatest advantages is its prime downtown Shediac location. Tenants are within walking distance of virtually everything they need, including shopping, restaurants, schools, a medical clinic, pharmacy, and other local amenities. Ample on-site parking is also available for tenants, adding to the property's convenience and rental appeal. With 11 units, two separate buildings, strong rental history, excellent tenant location, and the unique character of a designated heritage building, 404 Main Street represents a rare investment opportunity in the heart of Shediac. Call or text today for more information or to arrange a viewing. (id:13843)
Details
| MLS # | NB147534 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 53 |
| Listing Provided By | EXIT Realty Associates | Pierre Basque |
Features
| SQ Feet | 6,400 |
|---|---|
| Units | 11 |
| Acreage | 0.55 |
Interior
| Heating | Baseboard heaters, Electric |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Block, Concrete |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 13894.98 |
|---|
Area Information
| Province | NB |
|---|---|
| City | Shediac |
| Postal Code | E4P2G1 |
| Listing VS Median (in E4P2G1) | |
Price: $1,525,000 low | high Med: $1,525,000 sqft: 6,400 low | high Med: 6,400 $ / sqft: $238 low | high Med: $238 On site: 53 low | high Med: 53 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | NB |
|---|---|
| City | Shediac |
| Postal Code | E4P2G1 |
| Listing VS Median (in E4P2G1) | |
Price: $1,525,000 low | high Med: $1,525,000 sqft: 6,400 low | high Med: 6,400 $ / sqft: $238 low | high Med: $238 On site: 53 low | high Med: 53 | |