134-144 Carmarthen Saint John, New Brunswick E2L 2P2

$729,900

This 49-unit rooming house presents a rare value-add opportunity in the heart of Uptown, offering scale, flexibility, and strong upside potential. The building is strategically divided into three separate sections, allowing an investor to renovate in stages for improved cash flow management or undertake a full-scale repositioning to maximize long-term returns. Currently, approximately one-third of the property is occupied, with those units set to be vacant upon closing, providing immediate access for upgrades and reconfiguration. Featuring tall ceiling heights that enhance natural light and overall character, the property also benefits from a newly installed natural gas heating system servicing the occupied sectionreducing future operating costs and modernizing key infrastructure. The building requires renovations prior to occupancy, presenting a blank canvas for investors ready to reposition and add significant value through strategic improvements. (id:27750)

Property Details

MLS® Number	NB133958
Property Type	Multi-family
Equipment Type	None
Rental Equipment Type	None

Building

Basement Type	Full
Exterior Finish	Brick, Other
Flooring Type	Other
Heating Fuel	Natural Gas
Heating Type	Other
Size Interior	12,000 Ft2
Total Finished Area	12000 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	614
Size Total	614 M2
Size Total Text	614 M2

https://www.realtor.ca/real-estate/29388908/134-144-carmarthen-saint-john