1054 Main Street Hampton, New Brunswick E5N 6G2

$650,000

Situated on a double lot on Main Street in the heart of Hampton, this well-cared-for two-storey property offers five self-contained units and versatility for both investors and owner-occupants. The main floor features a spacious two-bedroom, 1.5-bath suite with laundry, a sunporch, and elevator access to the basement. From there, a small garage-style door provides easy outdoor access, ideal for wheelchair use. The suite also includes basement storage and a side-entry ramp, making it a great option for an owners unit or a premium rental. A one-bedroom apartment on the main floor is rented for $550 per month, while the upper level features three one-bedroom units. One is rented for $600, another for $550, and one has been recently updated and is ready for a new tenant at market rent. The occupied units are currently rented well below market value, offering clear potential to increase income over time. Each unit includes heat in the rent and is individually metered for power, with tenants responsible for their own electricity. Future owners could also explore converting heat to tenant responsibility, reducing expenses and improving cash flow. The property also includes a garage bay that opens to a large basement with a functional workbench, boiler, hot water tanks, and well equipment, along with ample room for storage or a workshop. This building offers strong fundamentals and excellent potential to increase value. Buyer to confirm all measurements. (id:50541)

Property Details

MLS® Number	NB129605
Property Type	Multi-family
Features	Corner Site, Wheelchair Access

Building

Appliances	Refrigerator, Stove, Washer, Dryer
Basement Development	Partially Finished
Basement Type	Full (partially Finished)
Exterior Finish	Vinyl
Fire Protection	Smoke Detectors
Flooring Type	Vinyl, Linoleum, Hardwood
Foundation Type	Block, Concrete
Heating Fuel	Oil
Heating Type	Baseboard Heaters, Hot Water
Size Interior	3,848 Ft2
Total Finished Area	3848 Sqft
Utility Water	Municipal Water

Land

Access Type	Year-round Access, Public Road
Acreage	No
Sewer	Municipal Sewage System
Size Irregular	1975
Size Total	1975 M2
Size Total Text	1975 M2

https://www.realtor.ca/real-estate/29066299/1054-main-street-hampton