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