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$ 269,000
Est. payment | /mo
4 Beds
2 Baths
2,050 SqFt
$ 269,000
Est. payment | /mo
4 Beds
2 Baths
2,050 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,050 sqft
Price per Sqft $131
MLS® Listing ID NB122299
Bedrooms 4
Lot Size 2,798 Sqft
Acres 2798.0
Source New Brunswick Real Estate Board
Property Description
This rare Uptown Saint John duplex offers an exceptional 10% CAP rate with strong cash flow potential. Ideally located within walking distance to shops, restaurants, King Square, but stop and amenities, the property features two self-contained units, each with separate electrical meters, laundry in the building, and single attached garage + off-street parking, completely paved. Recent major upgrades on new floorings, walls, vanity changes, windows, brand new electric boilers and water tanks, fresh paint throughout etc. totaling over $60,000 ensure low maintenance and easy rental appeal. Unit A (main floor) is a 1-bedroom rented at market rate ($1,000/month), with the tenant covering all utilities. Unit B (upper level) is a spacious 3-bedroom currently rented by three tenants generating $2,100/month, with utilities paid by the landlord. With annual rental income of $37,200 and net income of $26,972.15, this turn-key property offers flexible options for investors or owner-occupants looking to live mortgage-free. This is an excellent opportunity to own in the citys most vibrant district. (id:24570)
Location
Province NB
Rooms
Kitchen 2.0
Extra Room 1 Second level 15'0'' x 12'6'' Kitchen
Extra Room 2 Second level 7'6'' x 6'8'' 3pc Bathroom
Extra Room 3 Second level 14'7'' x 9'4'' Bedroom
Extra Room 4 Second level 12'6'' x 9'2'' Bedroom
Extra Room 5 Second level 15'10'' x 13'4'' Bedroom
Extra Room 6 Main level 6'4'' x 6'3'' 3pc Bathroom
Interior
Heating Baseboard heaters, Hot Water,
Exterior
Parking Features Yes
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Listed by EXIT Realty Specialists