Rebecca Steeves Realty


LOADING

99-101 Elliott Row Saint John, New Brunswick E2L 1C8

Hot Water

$749,000

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:19018)

Property Details

MLS® Number NB114778
Property Type Multi-family
Neigbourhood Parker's Corner
Equipment Type None
Features Balcony/deck/patio
Rental Equipment Type None

Building

Exterior Finish Vinyl
Flooring Type Ceramic, Laminate, Wood
Foundation Type Concrete
Heating Fuel Natural Gas
Heating Type Hot Water
Stories Total 3
Total Finished Area 2500 Sqft
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 4822.23
Size Total 4822.23 Sqft
Size Total Text 4822.23 Sqft

https://www.realtor.ca/real-estate/28080664/99-101-elliott-row-saint-john

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