$729,000
ULS: 17313958
5-6-7-Plex
for sale
513 - 519 Route 133, Pike River
Looking for an easy-to-manage income property? Look no further! This building is rented to tenants carefully selected by a professional management company. All major renovations have already been completed, offering you peace of mind and a turnkey investment. Enjoy a potential income of $64,704 per year, hassle-free! Located in Pike River, this property presents an investment opportunity in a developing region, with lower acquisition costs and interesting growth potential for savvy investors.
Property features
3
Bedrooms
1
Bathroom
Addendum
Renovations:
*2018: Front balcony redone, and 2019: Back balcony redone
*Carpet in the entrance hall and painting
*Renovated shed with a new 8 x 11 roof
*New salt filter system in 2017
*Plumbing redone with PEX and PVC
*Unit 513: Flooring, painting, and addition of a wall-mounted heat pump
*Unit 513B: New kitchen, new front door (includes 5 appliances)
*Unit 515: Flooring, painting
*Unit 515A: Flooring, painting, bathtub
*Unit 517: Flooring, painting, bathtub, toilet, and ceramic in the shower (includes stove and fridge)
*Unit 517A: Flooring, painting (penthouse)
*2018: Front balcony redone, and 2019: Back balcony redone
*Carpet in the entrance hall and painting
*Renovated shed with a new 8 x 11 roof
*New salt filter system in 2017
*Plumbing redone with PEX and PVC
*Unit 513: Flooring, painting, and addition of a wall-mounted heat pump
*Unit 513B: New kitchen, new front door (includes 5 appliances)
*Unit 515: Flooring, painting
*Unit 515A: Flooring, painting, bathtub
*Unit 517: Flooring, painting, bathtub, toilet, and ceramic in the shower (includes stove and fridge)
*Unit 517A: Flooring, painting (penthouse)
Building details and property interior
Dimensions
51' 4" X 37' irr.
Year constructed
1890
Windows
PVC
Window Type
Casement
Siding
Vinyl
Roofing
Sheet metal, Elastomeric membrane
Dividing Floor
Wood
Basement
6 feet and more, Other
Lot and exterior features
Lot size
150' X 138'
Lot area
23,009 ft²
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Artesian well
Sewage System
Disposal field, Septic tank
Financial details
Municipal assessment (2025)
- Lot assessment
- $ 44,900
- Building assessment
- $ 545,900
- Total
- $ 590,800
Taxes
- Municipal (2024)
- $ 3,118
- School (2024)
- $ 259
- Total
- $ 3,377
Annual expenses
- Insurance
- $ 4,834
- Total
- $ 4,834
Gross annual revenues (potential)
- Residential
- $ 63,504
- Other
- $ 1,200
- Total
- $ 64,704
Inclusions and exclusions
Exclusions
All the movable property of the tenants.
Mortgage payment calculator
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