290 King St W,Saint John, NB E5K3W7
Saint John, NB E5K3W7
Description
THIS BUILDING CAN ALSO BE PURCHASED AS PART OF A 36 UNIT PACKAGE. This 6 Unit will give any investor a Great opportunity to expand your portfolio. This property is located on the West side of Saint Jonn, next door to the Fire Station, Tim Hortons...just across the street, and giving access to the highway. This building has gone through extensive renovation on the inside, with all new electrical installed throughout, top to bottom including upgrades to the mast. All Units have owned tankless water heaters, keeping expenses down! Some units are rented below market value, and could be increased. Electric baseboard heating.. all tenants pay their own heat and lights & hot water. There is ample off st. parking, with on street parking as well. The building consists of 2-1 bedrooms, 3-2 bedrooms- 1-3 bedrooms. Rents are as follows:Unit 1= $1,395 per month, Unit 2= $995 , Unit 3= $1,045 , Unit 4= $995 , Unit 5= $1,325 & Unit 6= $1,295 This property shows a cap rate of 7.7% with financials provided. All dimensions and numerics are approximate and may be verified by the buyer. Interested buyers may consider buying a whole portfolio consisting of 36 units, located at 260 Douglas Ave 9 plex, 130-132 Broad st 6 plex, 148 Broad st 5 plex , 224-230 Britain st. -5 unit plus garage income , & 19 Cedar st. 5 units (id:374)
Details
| MLS # | NB145494 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 9 |
| Listing Provided By | EXIT Realty Specialists | Michael Jackson |
Features
| SQ Feet | 6,200 |
|---|---|
| Basement | Y |
| Units | 6 |
| Acreage | 0.12 |
Taxes
| Tax Annual Amount | 4745.02 |
|---|
Area Information
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E5K3W7 |
| Listing VS Median (in E5K3W7) | |
Price: $660,000 low | high Med: $660,000 sqft: 6,200 low | high Med: 6,200 $ / sqft: $106 low | high Med: $106 On site: 9 low | high Med: 9 | |
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Learn More About This Property
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E5K3W7 |
| Listing VS Median (in E5K3W7) | |
Price: $660,000 low | high Med: $660,000 sqft: 6,200 low | high Med: 6,200 $ / sqft: $106 low | high Med: $106 On site: 9 low | high Med: 9 | |