116 Carleton Street Saint John, New Brunswick E2L 2Z7
$269,000
INVESTOR ALERT! 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:19018)
Property Details
| MLS® Number | NB122481 |
| Property Type | Multi-family |
| Neigbourhood | Parker's Corner |
| Equipment Type | None |
| Features | Balcony/deck/patio |
| Rental Equipment Type | None |
Building
| Exterior Finish | Vinyl |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Hot Water |
| Total Finished Area | 2050 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 2798 |
| Size Total | 2798 Sqft |
| Size Total Text | 2798 Sqft |
https://www.realtor.ca/real-estate/28573254/116-carleton-street-saint-john
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July 08 2025 02:14:33
Saint John Real Estate Board Inc
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