An opportunity for investors who like the BRRR ( Buy-Renovate-Rent-Refinance ) or those looking to take on a renovation project! Located at 171-173 St. James Street in Saint John, this six-unit building offers plenty of potential for someone willing to put in the work. This property requires an update with all new flooring, kitchen cabinets, bathrooms. There was a lot of updates done in 1997, including Insulation, Plumbing, wiring, Sheet Rock, and fire escape. The floor plan of the units are great and bedrooms are good sizes. Fire Escape was built around 15 years ago and still in good condition. And with the New School going up 1 block away this is in a fantastic rental area and you are sure to be full. The property consists of three one-bedroom units and three two-bedroom units, with approximately 5,350 square feet of finished space. Conveniently located near Uptown Saint John, with easy access to shopping, restaurants, and other amenities. With six units already in place, there is an opportunity to upgrade a few things and improve the property and value. This is a great opportunity for anyone looking to do the BRRR Bring your ideas and see what this property could become! Water/Sewage approx: $2000, Insurance Approx: 1900, Power Bill $1300. (id:4069)
Address
171-173 St James Street
List Price
$679,000
Property Type
Multi-family
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Saint John
Floor Area
5,350 Sq. Ft.
Lot Size
5550 Sq. Ft.
MLS® Number
NB149623
Listing Brokerage
RE/MAX Professionals
Basement Area
Crawl space
Postal Code
E2L1V9
Ownership
Freehold
Heat Source
Electric
Heat Type
Baseboard heaters
Foundation Details
Concrete
Water Source
Municipal water
Sewer
Municipal sewage system
