10535 Principale Street — Saint-Louis-De-Kent, New Brunswick

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:63357)