NB
Saint-Louis-De-Kent
E4X1E7
10535 Principale Street
10535 Principale Street, Saint-Louis-De-Kent, NB E4X1E7
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Listing Type
Multi Family
Listing Status
Active
46
$450,000

Home Details for 10535 Principale Street

Price
$450,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1976
Parking
Days on site
16
Listing #
NB132893
Property Description

ATTENTION INVESTORS... 11% Cap Rate and VTB available... Turnkey multi-unit opportunity in the center of Saint-Louis-de-Kent. This property features 5 fully occupied rental units consisting of 2 × 2-bedroom units and 3 × 1-bedroom units, delivering immediate, stable income. The three lower units are newly constructed, reducing near-term capital expenditure and increasing long-term durability. Two of these units operate under a government housing contract, providing guaranteed rent, which strengthens cash flow reliability and lowers vacancy risk. Located directly on Rue Principale, tenants benefit from walkable access to grocery and hardware stores, making this a highly practical rental location. Lifestyle convenience adds to tenant retention: 2 minutes to Tim Hortons and only 5 minutes to the beach. This is a rare chance to acquire a stabilized asset in a tight local rental market with a blend of new construction, government-backed income, and strong unit mix. Ideal for investors seeking dependable returns in a growing coastal community. (id:31684)

Property Features
  • Heating Information
    • Baseboard
    • Heat Pump
    • Electric
  • Cooling Information
    • Heat Pump
Listing Courtesy: eXp Realty
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EXIT REALTY ASSOCIATES
260 Champlain St, Dieppe, NB E1A 1P3
Nicole LeBlanc
License #: 170377
Sales Rep.
Office
506-382-3948
Agent
506 381 2192
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