224-230 Britain Street, Saint John, New Brunswick E2L2X8

Property Description

THIS PROPERTY MAY ALSO BE SOLD WITHIN A 36 UNIT PORTFOLIO. Here is a great opportunity to invest in the uptown core of Saint john, with just walking distance to so many amenities... restuarants, boutiques, cruise ship terminal, area 506 container village, City Market, Imperial Theatre, and the new school that is being built just steps away(Kindergarden-grade 8). This building has 5 residential units & also comes with a 24'x26' garage rental (with a new roof covering), on its own parcel of land. All units have been fully renovated with upgraded flooring, paint, & kitchens throughout. The building has 1-1 bedroom unit, 2-2 bedroom units, 1-3 bedroom unit & 1-4 bedroom unit. All units pay their own Electricity. The building is heated by natural gas which is paid by the owner. All units have their own meters. Rents are: Unit 1= $1,095 ,Unit 2= $1,095 , Unit 3= #1,450 , Unit 4= $1,250 , Unit 5= $1,250 garage- is vacant- was receiving $600 per month. If you looking to expand your portfolio, or just starting out, this property will make a nice cashflowing opportunity for years to come. This building fully occupied, shows a cap rate of 6.9% with potential to increase rents. All dimensions and numerics are approximate and may be verified by the buyer. Interested buyers may consider buying a whole portfolio consisting of 36 units, located at 260 Douglas Ave 9 plex, 130-132 Broad st 6 plex, 148 Broad st 5 plex , 290 King St.W - 6-unit, & 19 Cedar st. 5 units (id:5764)