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$749,000
Est. payment /mo
4,822 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS® Listing ID NB114778
Originating Board New Brunswick Real Estate Board
Lot Size 4,822 Sqft
Acres 4822.23
Property Description
This well-kept 7-unit building is a prime investment opportunity located within walking distance to the best of Uptown Saint Johns shops, restaurants, and amenities. Ideal for both new and seasoned investors, the property offers a strong cap rate of over 67%, delivering excellent cash flow and long-term potential. The building spans three levels and features a desirable unit mix of four 1-bedroom units, two 2-bedroom units, and 1 Bach. unit, appealing to a broad range of tenants. Residents enjoy a large private backyard and a walkout deck, adding to the property's livability and tenant satisfaction. The current rent roll includes Unit #1 rented at $1,200, Unit #2 at $900, Unit #3 at $1,400, Unit #4 at $1,300, and Unit #5 has been rented for April 1st at $1,050. Unit #6 is currently vacant and being advertised at $995 per month with all utilities included, Unit #7 at $1200. With strong net income already in place and room to increase rents, the property presents immediate and future value. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Hot Water,
Flooring Ceramic, Laminate, Wood
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
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Listed by EXIT REALTY SPECIALISTS