647 Kitchen Street Fredericton, New Brunswick E3B 3Z9

$324,900

Opportunity awaits with this income property ideally located just minutes from the university. Offering multiple rental streams, this property is well-suited for investors seeking consistent cash flow in a high-demand rental area. The property features a one-bedroom basement apartment with a separate entrance, along with four individually rented bedrooms on the main level. Current lease structure includes four upstairs tenants on month-to-month agreements, providing flexibility, and a basement tenant on a fixed-term lease through the end of July 2026. The home has seen several updates over the years, including laminate and Berber flooring for durability and ease of maintenance, roof (2019), basement egress windows (2018), front windows (2022), front and back doors (2021), and basement renovation (2023). Additional features include shared laundry and an attached garage for storage. A solid addition to any investment portfolio in a desirable location close to amenities, transit, and the university. (id:27750)

Open House

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Property Details

MLS® Number	NB136484
Property Type	Multi-family
Equipment Type	Water Heater
Features	Balcony/deck/patio
Rental Equipment Type	Water Heater

Building

Appliances	Refrigerator, Stove, Washer, Dishwasher, Dryer
Constructed Date	1959
Exterior Finish	Vinyl
Flooring Type	Carpeted, Laminate
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Size Interior	1,603 Ft2
Total Finished Area	1603 Sqft
Type	Duplex
Utility Water	Municipal Water

Land

Access Type	Year-round Access, Public Road
Acreage	No
Sewer	Municipal Sewage System
Size Irregular	7150
Size Total	7150 Sqft
Size Total Text	7150 Sqft

https://www.realtor.ca/real-estate/29570686/647-kitchen-street-fredericton