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In-PersonVirtual Tour
$ 159,000
Est. payment | /mo
10,600 SqFt
$ 159,000
Est. payment | /mo
10,600 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 10600
Square Footage 10,600 sqft
Price per Sqft $15
MLS® Listing ID NB123771
Year Built 1950
Lot Size 1.050 Acres
Acres 1.05
Property Sub-Type Freehold
Property Description
For more information, please click Multimedia button. Income-Producing Property With Permit-Ready Expansion & Flexible Financing. Commercial Appraisal available with as is value at $323,000. Well-positioned income and development opportunity offering immediate cash flow and significant long-term upside. The property comprises approximately 10,600 sq. ft. and currently generates approximately $2,400 per month in rental income, providing stable holding income from day one. Completed building plans and permits are in place for expansion to 15 total units, with an approved zoning variance allowing up to 21 units, offering strong density and redevelopment potential for investors or owner-operators. The property may be eligible for Campbelltons Housing Accelerator Fund, with potential access to up to $280,000 in grant funding. To facilitate a timely transaction, the seller is open to flexible vendor take-back financing for qualified buyers, reducing reliance on traditional lenders and allowing for creative deal structuring. Key features include: Existing stabilized monthly income Permit-ready expansion plans Strong development and density potential Eligibility for municipal funding incentives Flexible financing options available An ideal opportunity for purchasers seeking cash flow today with the ability to unlock additional value over time. Seller motivated and open to structured offers. ?? Contact for additional details, financial information, and photos. (id:24570)
Location
State NB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Ownership Freehold
Virtual Tour https://www.easylistrealty.ca/mls/multi-family-for-sale-campbellton-NB/905248?ref=EL-MLS
Listed by Easy List Realty
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