99-101 Elliott Row, Saint John, New Brunswick, E2L1C8
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:2471)
EXIT Realty Specialists Brokerage - Miramichi
- Property Address: 99-101 Elliott Row, Saint John, New Brunswick, E2L1C8
- Property Type: Multi-family
- Lot Size: 4822.23
- Acreage: 4822.23 sqft
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Storeys: 3
- Total Finished Area: 2500 sqft
- Heating Type: Natural gas, Hot Water
- Exterior Type: Vinyl
- Flooring: Ceramic, Laminate, Wood
- Foundation Type: Concrete
- Balcony/Deck/Patio
Listing Offices: EXIT REALTY SPECIALISTS
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