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New Listing

Email from one of our members, Ralph :

Hello Everyone,

Attached and below is information on an income property that I think is worth a look at.

This house at 331 Robinson was built for a mature family of two with an option to easily convert it to a Duplex. The current configuration is that the main level tenants would have 3 bedrooms (1 in the lower level), 2 Baths (1 in the lower level) and the lower level tenant would have 1 bedroom, 1 bath.

The configuration could easily be changed to 2 bedrooms, 2 baths (1 in the lower level) for the Main floor tenants and 2 bedrooms, 1 bath for the lower level tenant. This could be done under $1,000 by simply moving the lower level steel door 4′.

The price for this move-in ready place is only $174,900 and the estimated ROI is 6.7% including a yearly reserve for maintenance of $3,500.

I am having an Open House this Sunday from 2pm to 4pm if anyone is interested in having a look. Be sure to check out the walk-thru video below:

OPEN HOUSE Jun 19 2-4pm – 13yr old duplex downtown Moncton | houses for sale | Moncton | Kijiji

Sean PowerMoncton REIO

(Realtor with Creativ)

Casual Pumphouse Meeting

Hello Real Estate Investors,

Moncton REIO is on break for the summer, but everyone is welcome to join tomorrow night (June 13th) at the Pumphouse Restaurant for the regular time (7pm). Location is at 5 Orange Lane and Street parking is free at this time.

Feel free to bring friends, family, or any contacts that have an interest in a more casual setting to discuss real estate opportunities in the Moncton area. Our good buddy Claude Duguay even offered to buy everyone a round ! haha just joking.

Looking forward to seeing everyone there.

Sean Power
Moncton REIO

(Realtor with Creativ Realty)