THIS PROPERTY MAY ALSO BE SOLD WITHIN A 36 UNIT PORTFOLIO. 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= #1,450 , 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. All dimensions and numerics are approximate and may be verified by the buyer. Interested buyers may consider buying a whole portfolio consisting of 36 units, located at 260 Douglas Ave 9 plex, 130-132 Broad st 6 plex, 148 Broad st 5 plex , 290 King St.W - 6-unit, & 19 Cedar st. 5 units (id:4069)
Address
224-230 Britain Street
List Price
$559,000
Property Type
Multi-family
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Saint John
Floor Area
5,190 Sq. Ft.
Lot Size
792 Sq. Ft.
MLS® Number
NB145496
Listing Brokerage
EXIT Realty Specialists
| Century 21 All Seasons Realty
Basement Area
Crawl space
Postal Code
E2L2X8
Ownership
Freehold
Appliances
Refrigerator, Stove
Heat Source
Natural gas
Heat Type
Baseboard heaters, Hot Water
Foundation Details
Concrete
Water Source
Municipal water
Sewer
Municipal sewage system
