9 Exmouth Street Saint John, New Brunswick E2L 3R9

$599,000

Turnkey Uptown Saint John 5-Unit | Premium 2BR Mix | Tenant-Paid Utilities Investor Alert! Secure a high-performing, low-maintenance asset in the heart of Uptown Saint John. This meticulously maintained 5-unit building consists entirely of high-demand two-bedroom suites, offering a uniform layout that simplifies management. A standout feature for any portfolio: Tenants pay for their own heat, lights, and hot water, keeping your operating expenses predictable and lean. Each unit features in-suite laundry, & dishwashers. Significant capital expenditures have already been addressed, including newer windows, siding, roof covering, and exterior decks, ensuring minimal near-term costs. With nearly 100% historical occupancy and with a few units having ""room to lift"" rents to market value, this building offers an immediate blend of strong cash flow and long-term appreciation. Walkable to all Uptown amenities, dining, and transit. Rents are as follows. Unit -1 $1200, unit-2 $1030, unit-3 $950, unit -4 $1200, & unit -5 $1100 ***Income = $65,760 per year Expenses are: Property Taxes: $ 6405.35, Insurance $3,083, Electricity $609, water/sewerage $2128.11 & garbage $2040 ****Expenses + $14,221.44 ***Net Income $51,538.56 CAP RATE = 8.6% All sizes and measurements are the responibilitly of the buyer to verify. (id:27750)

Property Details

MLS® Number	NB134114
Property Type	Multi-family
Equipment Type	None
Rental Equipment Type	None

Building

Basement Development	Unfinished
Basement Type	Crawl Space, Partial (unfinished)
Exterior Finish	Vinyl
Flooring Type	Laminate
Foundation Type	Concrete, Stone
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Size Interior	4,200 Ft2
Total Finished Area	4200 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	381
Size Total	381 M2
Size Total Text	381 M2

https://www.realtor.ca/real-estate/29475931/9-exmouth-street-saint-john