566 Route 111, Willow Grove
Welcome to 566 Route 111, a fully rented triplex that blends modern upgrades with excellent investment potential in a serene rural setting. This property has undergone extensive renovations, ensuring both comfort and value. The top unit is a bright, completely updated 3-bedroom apartment featuring brand-new flooring, trim, fixtures, and a stylishly redesigned kitchen and bathroom. It currently rents for $1,700 per month with heat and lights included. The middle unit, which is identical in layout to the top floor, presents an exciting opportunity to update and increase its rental income, as it is currently rented at $1,300 per month, also with heat and lights included. On the lower level youll find a coin-operated laundry and a storage area, along with a beautifully renovated 1-bedroom unit boasting fresh flooring, trim, fixtures, and a modern kitchen and bath, renting for $1,300 per month with utilities included. All three units are equipped with energy efficient mini-split heat pumps for year-round comfort. The property also offers a private yard, perfect for entertaining, along with close proximity to St. Martins, SJ Airport, east Saint John, Quispamsis, and several nearby lakes, providing an ideal balance of rural charm and urban convenience. With a gross annual income of $52,600 and operating expenses of just $10,454, this property delivers a net income of $42,146, making it a lucrative investment opportunity. New Gravel in Driveway. Dont miss out. (id:1945)
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Property details for 566 Route 111, Willow Grove
- Type
- Multi-family
- Living Area
- 2,300 square feet
- Lot Size
- 0.63
- Heating
- Heat Pump, Baseboard heaters
- Cooling
- Heat Pump
- Exterior
- Vinyl
- Ownership
- Freehold
- Annual Taxes
- $3,455
Nearby Listings Stat
Estimated price and comparable properties near 566 Route 111
Active Listings
4
Min Price
$15,900
Max Price
$629,000
Avg Price
$420,950
Days on Market
93
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Price History
Listed
June 17, 2026
by RE/MAX Professionals
Current Price
$489,900
Type
Multi-family
For Sale
