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MLS® NB147377

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Description

An exceptional opportunity for investors or house hackers in the heart of Uptown Saint John! This well-positioned four-unit property offers a strong combination of existing income, rental upside, and a location tenants will love. Three units are currently rented at $975, $1, 100, and $1, 500 per month, while the fourth unit is vacant and ready for its next occupant, with an estimated market rent of approximately $1, 700 per month. The vacant unit creates a fantastic opportunity for an owner-occupier looking to offset their mortgage, or for an investor to select their own tenant and immediately take advantage of current market rents. One of the biggest advantages of this property is its properly separated utilities. Each unit has its own electric meter, hot water tank, and electric baseboard heating, with tenants responsible for their own utilities. This setup helps keep operating expenses predictable and makes the property especially attractive from a cash-flow perspective. Three of the four units also feature private laundry. The location is hard to beat. Just steps from Germain Street, residents can walk to restaurants, bars, shops, the revitalized waterfront and boardwalk, and the many events and attractions Uptown Saint John has to offer. Adding even more value are four off-street parking spaces, a rare and highly desirable feature in this part of the city. With four units, separately metered utilities, off-street parking, strong existing rents, and the flexibility of a vacant unit, this is a compelling opportunity to add a well-located income property to your portfolio or start building one through house hacking. (id:58753)Show Description

Key Facts

Type Quadruplex
Levels Residential Income
Size 6300 sqft
Taxes $5,252
Days Active 9
Lot Size 314 Square Meters
Avg. Price Per Sqft $98
MLS® Number NB147377
Central VacNo
FireplaceNo
HeatHeat Pump, Baseboard heaters, Electric
A/CHeat Pump

Additional Information

Siding Wood Siding, Vinyl Siding
Sewage System Public Sewer

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
80 Duke St, Saint John, NB

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