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Saint John,NB E2L1V5
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID NB115534
Originating Board New Brunswick Real Estate Board
Lot Size 1,561 Sqft
Acres 1561.0
Property Description
Located in the heart of uptown Saint John, this well-maintained fourplex features four 1-bedroom unitsan excellent opportunity for investors seeking strong returns. The building has undergone significant upgrades, with over $50,000 invested in improvements including flooring reconstruction, bathroom repairs, and electrical work (full details available in the uploaded documents). All units are currently rented at $895, $895, $850, and $925, generating a total annual income of approximately $42,780. Tenants pay their own heat and lights. Estimated yearly expenses total $16,218, covering taxes, electricity, water/sewer, snow removal, property management, pest control, and insurance. With a projected net income of $26,525 and a cap rate around 9%, this property offers a strong, turn-key investment in a desirable uptown location. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,Heat Pump,
Cooling Heat Pump
Flooring Ceramic,Laminate
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 2
Sewer Municipal sewage system