99-101 Elliott Row,Saint John, NB E2L1C8
Saint John, NB E2L1C8
Description
This well-kept 7-unit building is a prime investment opportunity located within walking distance to the best of Uptown Saint Johns shops, restaurants, and amenities. Ideal for both new and seasoned investors, the property offers a strong cap rate of over 67%, delivering excellent cash flow and long-term potential. The building spans three levels and features a desirable unit mix of four 1-bedroom units, two 2-bedroom units, and 1 Bach. unit, appealing to a broad range of tenants. Residents enjoy a large private backyard and a walkout deck, adding to the property's livability and tenant satisfaction. The current rent roll includes Unit #1 rented at $1,200, Unit #2 at $900, Unit #3 at $1,400, Unit #4 at $1,300, and Unit #5 has been rented for April 1st at $1,050. Unit #6 is currently vacant and being advertised at $995 per month with all utilities included, Unit #7 at $1200. With strong net income already in place and room to increase rents, the property presents immediate and future value. (id:13843)
Details
| MLS # | NB114778 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 107 |
| Listing Provided By | EXIT Realty Specialists | Janice Purdy |
Features
| SQ Feet | 2,500 |
|---|---|
| Story(s) | 3 |
| Units | 7 |
| Acreage | 0.11 |
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Learn More About This Property
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2L1C8 |
| Listing VS Median (in E2L1C8) | |
Price: $749,000 low | high Med: $749,000 SqFt: 2,500 low | high Med: 2,500 $ / SqFt: $300 low | high Med: $300 On site: 107 low | high Med: 107.000000 | |
