Property Information:

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:27)

Building Features:

Style: Multiplex
Basement Type: Crawl space, Full, Partial
Exterior Finish: Wood shingles, Vinyl, Wood
Floor Space: 6200 sqft
Flooring Type: Laminate, Vinyl
Foundation Type: Concrete
Total Finished Area: 6200 sqft
Heating Type: Baseboard heaters
Heating Fuel: Electric
Appliances: Refrigerator, Stove, Washer, Dishwasher, Dryer

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Floor Space (approx): 6200 Square Feet
Irregular: Yes
Lot Size: 469.00 Square Metres
Sewer: Municipal sewage system

Courtesy of: EXIT Realty Specialists

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

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$66,721.73

Average Number of Children

1.71

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

27.13 %

High school certificate or equivalent

41.55 %

Apprenticeship trade certificate/diploma

3.13 %

College/non-university certificate

20.11 %

University Degree

8.07 %

Commuter

Travel To Work

By Car

82.62 %

By Public Transit

7.3 %

By Walking

6.98 %

By Bicycle

0.0 %

By Other Methods

3.1 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

50.46 %

Houses

49.54 %

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