Accepted OFFER. A rare opportunity to acquire two multi-unit residential buildings on a single PID, offering a total of seven rental units in a prime uptown Saint John location and where tenants pay their own utilities. Situated at the corner of Britain Street and Pitt Street bordering the Turnbull Nursing Home. Building 1 is a Corner Building (Britain/Pitt); This structure contains four units: 239, 241 and 243 Britain Street as well as 239 Pitt Street. Building 2 is a separate three-Unit building wholly on Pitt Street: 233, 235 and 237 Pitt Street. Strong Financial Performance: Gross Income: $89,160; Gross Expenses: $27,342; Net Operating Income: $61,818 equals an exceptional CAP Rate of just over 10%. This property is a well-configured, centrally located multi-unit package offering strong cash flow, operational efficiency with all units on one PID. A solid opportunity for investors seeking income, stability, and long-term growth in a high-demand rental market. (id:13843)
| MLS # | NB144277 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 74 |
| Listing Provided By | Royal LePage Atlantic | Paul Bustin |
| SQ Feet | 7,000 |
|---|---|
| Basement | Y |
| Units | 7 |
| Acreage | 0.09 |
| Heating | Baseboard heaters, Electric |
|---|---|
| Appliances | Refrigerator, Stove |
| Fireplace Yes / No | No |
| Foundation Details | Concrete |
|---|
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
| Tax Annual Amount | 8022 |
|---|
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2L2X2 |
| Listing VS Median (in E2L2X2) | |
Price: $599,000 low | high Med: $599,000 sqft: 7,000 low | high Med: 7,000 $ / sqft: $86 low | high Med: $86 On site: 74 low | high Med: 74 | |
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2L2X2 |
| Listing VS Median (in E2L2X2) | |
Price: $599,000 low | high Med: $599,000 sqft: 7,000 low | high Med: 7,000 $ / sqft: $86 low | high Med: $86 On site: 74 low | high Med: 74 | |