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$ 710,000
Est. payment | /mo
5,190 SqFt
$ 710,000
Est. payment | /mo
5,190 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5190
Square Footage 5,190 sqft
Price per Sqft $136
MLS® Listing ID NB137439
Lot Size 8,525 Sqft
Acres 0.19570746
Property Sub-Type Freehold
Property Description
Here is a great opportunity to invest in the uptown core of Saint john, with just walking distance to so many amenities... restuarants, boutiques, cruise ship terminal, area 506 container village, City Market, Imperial Theatre, and the new school that is being built just steps away(Kindergarden-grade 8). This building has 5 residential units & also comes with a 24'x26' garage rental (with a new roof covering), on its own parcel of land. All units have been fully renovated with upgraded flooring, paint, & kitchens throughout. The building has 1-1 bedroom unit, 2-2 bedroom units, 1-3 bedroom unit & 1-4 bedroom unit. All units pay their own Electricity. The building is heated by natural gas which is paid by the owner. All units have their own meters. Rents are: Unit 1= $1,095 ,Unit 2= $1,095 , Unit 3= #1,150 (This unit just became vacant and ready for new tenant) , Unit 4= $1,250 , Unit 5= $1,250 garage- is vacant- was receiving $600 per month. If you looking to expand your portfolio, or just starting out, this property will make a nice cashflowing opportunity for years to come. This building fully occupied, shows a cap rate of 6.9% with potential to increase rents. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Hot Water,
Flooring Laminate, Vinyl, Wood
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by EXIT Realty Specialists
Nearby Locations
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