Property Information:

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:27)

Building Features:

Style: Multiplex
Basement Development: Unfinished
Basement Type: Crawl space, Partial
Exterior Finish: Vinyl
Floor Space: 4200 sqft
Flooring Type: Laminate
Foundation Type: Concrete, Stone
Total Finished Area: 4200 sqft
Heating Type: Baseboard heaters
Heating Fuel: Electric

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Floor Space (approx): 4200 Square Feet
Irregular: Yes
Lot Size: 381.00 Square Metres
Sewer: Municipal sewage system

Courtesy of: EXIT Realty Specialists

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Demographic Information of 9 Exmouth Street, Saint John, New Brunswick, E2L 3R9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$69,966.37

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.92 %

High school certificate or equivalent

33.34 %

Apprenticeship trade certificate/diploma

5.45 %

College/non-university certificate

17.9 %

University certificate (below bachelor)

1.6 %

University Degree

21.8 %

Commuter

Travel To Work

By Car

51.25 %

By Public Transit

10.34 %

By Walking

33.58 %

By Bicycle

0.0 %

By Other Methods

4.83 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

87.97 %

Houses

12.03 %

9 Exmouth Street, Saint John, New Brunswick, E2L 3R9