Ben Schmidt

Just Listed! - $214,900

The Office of Darcy Simon has just listed: 1568 Woodstock Road, Fredericton, NB

Ideally located on bus route, close to both up and downtown this 3 unit apartment bldg offers 3 two bedroom units. The building has been very well maintained and the roof has recently been re-shingled and the electrical panel updated. Tenants pay their own heat and lights and there are laundry facilities. The top unit has a separate entrance and a private patio. The building offers lots of parking, a nice view of the Saint John River and is close to the walking trails. Not factoring 8% management fee of $1944 and a maintenance fee of $1000 net profit at the end of the year will be $4315 with 20% down at 4% or at 5% with 20% down $3194 profit. The possibility of increasing rent could give you up to $1,200.00 more per year. So in general terms you will be making 10% or more on your investment.

If you would like to arrange a private showing of this house, please contact me at ben.schmidt@me.com