79 Mecklenburg Street Saint John, New Brunswick E2L 1P9

$185,000

Seize the opportunity to own a prime multi-unit property nestled in the heart of a vibrant uptown neighbourhood. This five-unit building presents an exceptional prospect for the discerning investor with a vision for redevelopment and value enhancement. Boasting a unique mix of units, two are relatively untouched by a previous incident. An additional unit, with moderate damage, is ripe for a refurbishment that could swiftly add to its market appeal. The remaining two units provide a blank canvas, necessitating a complete rebuild; this allows for creative freedom in design and modernisation, tailored to meet the exacting demands of future tenants. Investing in this property is not merely about restoring its structureit's an opportunity to redefine it. With the scope to bring all units up to current market rents once renovations are complete, the financial upside is clear and compelling. The chance to revitalise this asset within the market could set the stage for significant returns. The potential to contribute to the area's redevelopment while securing a foothold in an up-and-coming precinct is an attractive proposition for the right investor. This is more than a purchase; it's a project that promises to deliver both community value and profitable yields. We invite you to explore the potential and envision the future of this compelling investment opportunity. (id:27750)

Property Details

MLS® Number	NB127285
Property Type	Multi-family
Equipment Type	None
Features	Level Lot
Rental Equipment Type	None

Building

Cooling Type	Heat Pump
Exterior Finish	Wood Shingles, Wood
Flooring Type	Laminate, Tile, Wood
Foundation Type	Concrete, Stone
Heating Fuel	Electric
Heating Type	Baseboard Heaters, Heat Pump
Stories Total	2
Size Interior	4,700 Ft2
Total Finished Area	4700 Sqft
Utility Water	Municipal Water

Land

Access Type	Year-round Access
Acreage	No
Landscape Features	Partially Landscaped
Sewer	Municipal Sewage System
Size Irregular	3340
Size Total	3340 Sqft
Size Total Text	3340 Sqft

https://www.realtor.ca/real-estate/28905091/79-mecklenburg-street-saint-john