128-132 Forest Hill Road, Fredericton, New Brunswick E3B4K1

For Sale

$599,900 CAD
  • 6,000 Sqft
  • Multi-family
Open House
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Property Summary for 128-132 Forest Hill Road

Type
Multi-family
Sub-Type
Freehold
Title
Freehold
MLS® Number
NB051533
Year Built
1974
Neighborhood
Skyline Acres
Postal Code
E3B4K1

Description for 128-132 Forest Hill Road

KNOCK KNOCK ! WHOS THERE? OPPORTUNITY! WHO ARE YOU? IM YOUR OPPORTUNITY FOR A FUTURE MULTI UNIT PROJECT TO LAUNCH YOU INTO EARLY RETIREMENT, THATS WHO! This 5 unit building on the busy Forest Hill Road, even though running as an income business, is also currently babysitting valuable land of 2290 SQ. M. for an innovative futuristic residential project with river views. Next door on the adjacent lot, a 32 unit project is currently under construction; just west of that a 130 unit project has been approved for construction. With the vacancy rate said to be near zero and record low interest rates, many new units are under construction throughout the city trying to meet demand. As an investor, look at it this way: as a buy and hold strategy, the cash flow helps cover the property expenses until youre ready to build; or you sell or partner with a developer when time is right; or you just say start the dozer, refinance other assets and make it happen. Currently R4 zoning, rezoning required for more units. The location is hotobviously by the investment in the adjacent projects. If youve been waiting for that opportunity, better strongly consider KNOCK KNOCK! (Financials are 2019) (id:1937)
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Features for 128-132 Forest Hill Road

Roof
  • Asphalt shingle
Sewer Water
  • Municipal sewage system
Building Features
  • Fire protection: Smoke Detectors
  • Rental Equipment: Water Heater
  • Structure: Shed
  • Utility Water: Municipal water
  • Foundation Type: Block, Concrete
  • Exterior Finish: Colour Loc, Vinyl
  • Features: Treed, Sloping, Balcony/Deck/Patio
Interior Features
  • Floor: Carpeted, Vinyl, Wood
Appliances
  • Refrigerator
  • Stove
  • Washer
  • Dryer
Heating
  • Baseboard heaters, Hot Water
  • Oil

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JOHN YERXA

JOHN YERXA

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