MLS®: M110246 Status: For sale

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$2,390,000
Location:

229 Lutz , Moncton New Brunswick, E1C5G2

Description:
This property consist of 9 PID's all connected together in the heart of downtown Moncton. There's a good variety of rental properties: such as, commercial spaces. multi unit apartment buildings, single dwelling, vacant land and duplexes (approximately 28 units total). You also get upwards of 54 parking spots, which only a fraction of them are used by the tenants, so there's great potential for renting extra spots. Current yearly income for the whole block is approx $232,000. The buildings have been well maintained and updated throughout the years and the tenant base is mostly mature working class people. The commercial building is very diverse with a hair/nail salon, aesthetics, lawyer, and massage therapist. Rental history is excellent for all the properties. Don't miss this unique opportunity to own a block with 2 street corners and 3 street facades in a fast growing city! This group of properties is just a short walk from the new event center and all the downtown amenities. nightlife, restaurants etc.
Property:
Type: Business
Lot Dimensions: 36000Acreage: 36000 sqft|1/2 - 1 acre
Access: Year-round access
Structure:
Heating Type: Electric
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229 Lutz , Moncton New Brunswick

RE/MAX Quality Real Estate Inc. Brokerage - Sussex

Ted deWinter
Sales Representative

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Telephone:
506-432-5800

Cellular:
506-434-3963



Listing Office: Royal LePage Atlantic

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