390 Northumberland Street, Fredericton
390 Northumberland Street, Fredericton
Property details
- Building area
- 1,061 sq ft
- Lot size
- 2,616 sq ft
- Units
- 2
- Year built
- 1938
- Annual taxes
- $4,597.65/yr
Description
An outstanding opportunity to start or expand your investment portfolio in one of Fredericton's most desirable downtown locations. This two-unit property offers excellent income potential with room for future growth, as current rents are below market value. The property features a spacious main level two-bedroom unit currently rented for $1150 per month plus heat and lights, along with a one-bedroom upper-level unit currently rented for $775 per month plus heat and lights. Leases in effect until September 2027. Each unit is separately metered, providing added convenience for both owners and tenants. Shared laundry facilities on main level. The unbeatable downtown location is one of this property's greatest assets. Walk to restaurants, cafés, shopping, parks, entertainment venues, schools, and the scenic riverfront trail system. Public transit is also nearby, an added convenience. Whether you are purchasing your first income property or adding to an established portfolio, this is a smart investment in a highly sought after area where demand for rental housing remains strong.
Location
390 Northumberland Street, Fredericton
Demographics, trade-area scores, comparable sales, and price history for this property — with Premium.
Listing courtesy of Keller Williams Capital Realty. Data via Fredericton REALTOR® board.
Listing courtesy of Keller Williams Capital Realty, Fredericton board. Data provided under the NB REALTOR® RETS agreement.
