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$ 475,000
Est. payment | /mo
3,584 Sqft Lot
$ 475,000
Est. payment | /mo
3,584 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID NB123048
Lot Size 3,584 Sqft
Acres 3584.0
Property Sub-Type Freehold
Source New Brunswick Real Estate Board
Property Description
Turnkey 4-unit investment property with parking, located on highly desirable Canterbury Street in the heart of Uptown Saint John. Fully occupied and steps away from fabulous dining, the popular Container Village, Cruise Ship Terminal, and within walking distance to shops and all other downtown amenities. The building includes a spacious bachelor unit in the basement renting for $1,000/month, a bachelor on the main floor at $472.50/month, a 1-bedroom unit on the main floor at $1,050/month, and a bright 3-bedroom unit on the top floor renting for $1,595/month. Total monthly rental income is $4,117.50, generating an annual gross income of $49,410. Tenants pay their own heat and lights, and all but one unit include in-suite laundry. With a strong cap rate of 6.82%, this well-maintained property offers immediate cash flow and long-term value in a growing, high-demand area near major redevelopment projects like the Fundy Quay and Market Square revitalization. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,
Flooring Vinyl
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Coldwell Banker Select Realty