290 King St W Saint John, New Brunswick E5K 3W7

$850,000

This 6 Unit will give any investor a Great opportunity to expand your portfolio. This property is located on the West side of Saint Jonn, next door to the Fire Station, a Tim Hortons, just across the street, and giving access to the highway. This building has gone through extensive renovation on the inside, with all new electrical installed throughout, top to bottom including upgrades to the mast. All Units have owned tankless water heaters, keeping expenses down! Some units are rented below market value, and could be increased. Electric baseboard heating.. all tenants pay their own heat and lights & hot water. There is ample off st. parking, with on street parking as well. The building consists of 2-1 bedrooms, 3-2 bedrooms- 1-3 bedrooms. Rents are as follows:Unit 1= $1,395 per month, Unit 2= $995 , Unit 3= $1,045 , Unit 4= $995 , Unit 5= $1,325 & Unit 6= $1,295 This property shows a cap rate of 7.7% with financials provided. (id:27750)

Property Details

MLS® Number	NB137153
Property Type	Multi-family
Equipment Type	Water Heater
Rental Equipment Type	Water Heater

Building

Appliances	Refrigerator, Stove, Washer, Dishwasher, Dryer
Basement Type	Crawl Space, Full, Partial
Exterior Finish	Wood Shingles, Vinyl, Wood
Flooring Type	Laminate, Vinyl
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Size Interior	6,200 Ft2
Total Finished Area	6200 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	469
Size Total	469 M2
Size Total Text	469 M2

https://www.realtor.ca/real-estate/29659528/290-king-st-w-saint-john