300/ 125 Guilford and Lancaster Street, Saint John, New Brunswick E2M1W3
Listing courtesy of eXp Realty.
- $1,160,000
- 5,178
- SqFt
- List Price
- $1,160,000
- Price Change
- ▼ $30,000 1779735443
- MLS®
- NB136499
- Days on Market
- 121
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Living Area
- 5,178
- Lot Size Dimensions
- 1114
- Lot Size
- 1,114
Property Description
Rarely does an investment opportunity of this calibre come to market. Offering a 7% CAP RATE Located in a convenient area for tenants, on the west side steps to bus stops, highway access, schools, restaurants and the growing Port! On the corner lot of Guilford and Lancaster Streets, this impressive eight-unit portfolio comprises two side-by-side 4-plexes offered together with a shared back yard providing scale, efficiency, and immediate cash flow from day one. Each unit has been thoughtfully renovated and features its own new heat pump ( owned not rented ) , four new or newer appliances, and designated off-street parking. With tenants responsible for their own heat and electricity, no garbage expense, new heat pumps, operating costs are lean and net income is strong with room to grow! If youre looking to scale up your portfolio this A clean, efficient asset with a tenant base and expense structure that make the numbers work. Rarely does an opportunity like this present itself! (id:5764)
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Additional Information
- Ownership
- Freehold
- Cooling
- Heat Pump
- Country
- Canada
- Flooring
- Laminate
- Sewer
- Municipal sewage system
- Heating
- Heat Pump, Baseboard heaters, Electric
- Total Number Of Units
- 8
- Lot Size
- 1,114
