593 Kennebecasis River Road

593 Kennebecasis River Road, Hampton. A four unit investment property with two fully renovated, vacant units and two long term tenancies already in place. Unit mix: two two bedroom units and two three bedroom units.

Significant capital investment throughout: In addition to the two renovated units, new back deck, roof replaced within the last five years, new soffit, fascia and gutters this past winter, foundation excavated with four inch foam insulation and new drain tile, improvements have also been made to the well and water system, new pressure tank, all plumbing updated from copper, and new hot water heaters. Two of the four units, both two bedroom, have been fully gutted and renovated with new kitchens, bathrooms, wiring and flooring. Vacant and move in ready, giving a buyer full control to choose tenants and set market rent.

The remaining two units, both three bedroom, are occupied by long term tenants at $800 per month each, dated but well kept, one with an updated bathroom. Owner supplies fridge and stove in each unit; tenants provide their own washer and dryer, and pay their own heat and electricity. Parking for approximately five vehicles in front, with additional space at rear.

Major infrastructure work is complete. Upside remains in finishing the upper units and repositioning rents to market value. Financials available on request.