Property Details

480 Westmorland Street, Fredericton, New Brunswick

480 Westmorland Street, Fredericton, New Brunswick (ID NB101569)
Listing Representatives

$549,900 - For Sale

ID#:NB101569

Opportunity Knocks! Located in the center of town this 3-unit building could be a 4 unit, as the retail store has been taking out you can add as an extra located on the main level, a laundry room in the lower level with coin operated machine . There are three apartment units (two 2-Bedroom units and a 1-Bedroom unit).
Rent , there are no leases all tenants are now on a month to month
Apt.# 1 $1300.00 on monthly lease
Apt.#2 $1100 00
Apt.#3 (21 years tenant) pays $800.00 but easily increases to 1000.00 by new owner.
Every unit can be increased to generate a mush higher yearly
Both 2 bedrooms could be rented at $1,500 and the one bedroom at $1000
Tenants are long time tenant, for 9 years for one of the 2 bedroom and 21 years for the 1 bedroom
Increasing the rent to closer to todays market the total yearly rent would be $48,000.00

Property Details
  • Property Address:480 Westmorland Street, Fredericton, New Brunswick
  • Property Type:Multi Family
  • Taxes:$8,303 (2024)
Structure Details for 480 Westmorland Street, Fredericton, New Brunswick
  • Structure Type:Fourplex
  • Floor Space:2400 SqFt
  • Exterior Type:Vinyl Siding
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480 Westmorland Street, Fredericton, New Brunswick

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