785-787 Main Street

This prime investment opportunity is perfectly situated in the heart of downtown Moncton, offering an unbeatable location and steady rental income. The building consists of one commercial unitcurrently occupied by Cest la Vie Café as a long-term tenant on a secure leaseand four fully occupied residential units. Please note, the café is not for sale but will remain as a tenant, providing consistent revenue for the new owner. The residential units boast an impeccable rental history with no vacancies since 2012, contributing to a total rental income of over $120,000 annually. The building is efficiently heated with natural gas, hot water radiators, and electric mini splits, while its position between two other buildings enhances energy efficiency. With separate utility metering, minimal additional expenses, and the commercial tenant covering snow removal, garbage, and patio costs, this property offers low maintenance and strong profitability. Two dedicated parking spaces at the back provide added convenience for tenants. Priced at $1,025,000, this investment promises excellent returns. Detailed financials are available in the attached income/expense statement, or contact the listing agent for further information. Properties like this1 commercial unit and 4 residential unitsrarely come on the market in downtown Moncton. Dont miss this opportunity! (id:54626)