371 Lutz Street Moncton, New Brunswick E1C 5G8

$720,000

Five-unit investment property for sale in downtown Moncton! Located at 371 Lutz Street, between St. George Street and Mountain Road, this apartment building offers five two-bedroom units close to shopping, restaurants, services and downtown amenities. Each apartment has its own electrical panel, with a separate house meter. Heating includes electric baseboards and mini-split heat pumps for added comfort. On-site coin-operated laundry and paved parking provide everyday convenience. The apartments have been renovated over the years, with finishes that include hardwood and ceramic tile flooring, updated kitchens and renovated bathrooms. The building features approximately 4,888 square feet of gross building area and a unfinished poured concrete basement. Whether you are purchasing your first apartment building or expanding your rental property portfolio, this five-unit property offers a central Moncton location and five two-bedroom apartments under one roof. Contact your REALTOR® for current rental income, operating expenses and viewing arrangements. (id:27750)

Property Details

MLS® Number	NB149090
Property Type	Multi-family
Features	Level Lot, Balcony/deck/patio

Building

Appliances	Refrigerator, Stove
Basement Type	Crawl Space
Cooling Type	Air Conditioned
Exterior Finish	Brick, Metal
Flooring Type	Ceramic, Hardwood
Foundation Type	Concrete
Heating Type	Baseboard Heaters
Size Interior	4,888 Ft2
Total Finished Area	4888 Sqft
Utility Water	Municipal Water

Land

Access Type	Year-round Access, Public Road
Acreage	No
Landscape Features	Landscaped
Sewer	Municipal Sewage System
Size Irregular	470
Size Total	470 M2
Size Total Text	470 M2

https://www.realtor.ca/real-estate/30374053/371-lutz-street-moncton