224-230 Britain Street Saint John, New Brunswick E2L 2X8

$710,000

Here is a great opportunity to invest in the uptown core of Saint john, with just walking distance to so many amenities... restuarants, boutiques, cruise ship terminal, area 506 container village, City Market, Imperial Theatre, and the new school that is being built just steps away(Kindergarden-grade 8). This building has 5 residential units & also comes with a 24'x26' garage rental (with a new roof covering), on its own parcel of land. All units have been fully renovated with upgraded flooring, paint, & kitchens throughout. The building has 1-1 bedroom unit, 2-2 bedroom units, 1-3 bedroom unit & 1-4 bedroom unit. All units pay their own Electricity. The building is heated by natural gas which is paid by the owner. All units have their own meters. Rents are: Unit 1= $1,095 ,Unit 2= $1,095 , Unit 3= #1,150 (This unit just became vacant and ready for new tenant) , Unit 4= $1,250 , Unit 5= $1,250 garage- is vacant- was receiving $600 per month. If you looking to expand your portfolio, or just starting out, this property will make a nice cashflowing opportunity for years to come. This building fully occupied, shows a cap rate of 6.9% with potential to increase rents. (id:27750)

Property Details

MLS® Number	NB137439
Property Type	Multi-family
Equipment Type	None
Rental Equipment Type	None

Building

Appliances	Refrigerator, Stove
Basement Type	Crawl Space
Exterior Finish	Wood Shingles, Vinyl, Wood
Flooring Type	Laminate, Vinyl, Wood
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Baseboard Heaters, Hot Water
Size Interior	5,190 Ft2
Total Finished Area	5190 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	792
Size Total	792 M2
Size Total Text	792 M2

https://www.realtor.ca/real-estate/29659526/224-230-britain-street-saint-john