32 Langstroth Terrace — Hampton, New Brunswick

A well-maintained three-unit income property in the heart of Hampton, NB fully renovated throughout and generating solid rental income with two units currently occupied under long-term leases. The property features a bachelor suite and two 2-bedroom units. Current rents stand at $750/month (Unit 3 bachelor, utilities included), $1,100/month (Unit 1, 2-bedroom, water and sewage included, tenant pays electricity), and $1,385.54/month (Unit 2, 2-bedroom, all utilities included). Combined monthly gross income of $3,235.54 with one vacancy offering immediate upside for the next owner. All units are non-smoking with professional property management in place through Canada Homes for Rent. The building has been extensively updated hardwood and ceramic flooring throughout, updated wiring and plumbing, fresh paint, and new bathrooms. Each unit includes a washer, dryer, refrigerator, and stove. New heat pumps on the main and middle floors provide efficient, year-round comfort. The basement is exceptionally dry, a standout feature that speaks to the overall condition of the building. Annual property taxes come in at just $3,620, remarkably low for a rental property of this size and a meaningful advantage to your bottom line. The building sits on a 9,009 sq ft lot with ample gravel parking and a storage barn included. Please note that the deck off the top unit will require some attention. Located steps from Hampton's commuter bus stop and close to all amenities. Whether you're an investor looking for a stabilized asset or a live-in landlord ready to have the mortgage covered, this one delivers on all fronts. (id:63357)