C$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:41202)