79 St James Street Saint John, New Brunswick E2L 1V5
$289,000
Located in the heart of uptown Saint John, this well-maintained fourplex features four 1-bedroom unitsan excellent opportunity for investors seeking strong returns. The building has undergone significant upgrades, with over $50,000 invested in improvements including flooring reconstruction, bathroom repairs, and electrical work (full details available in the uploaded documents). All units are currently rented at $895, $895, $850, and $925, generating a total annual income of approximately $42,780. Tenants pay their own heat and lights. Estimated yearly expenses total $16,218, covering taxes, electricity, water/sewer, snow removal, property management, pest control, and insurance. With a projected net income of $26,525 and a cap rate around 9%, this property offers a strong, turn-key investment in a desirable uptown location. (id:55272)
Property Details
| MLS® Number | NB115534 |
| Property Type | Multi-family |
| EquipmentType | Heat Pump, Water Heater |
| Features | Level Lot |
| RentalEquipmentType | Heat Pump, Water Heater |
Building
| CoolingType | Heat Pump |
| ExteriorFinish | Vinyl |
| FlooringType | Ceramic, Laminate |
| FoundationType | Concrete |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters, Heat Pump |
| StoriesTotal | 2 |
| TotalFinishedArea | 2000 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Land
| AccessType | Year-round Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeIrregular | 1561 |
| SizeTotal | 1561 Sqft |
| SizeTotalText | 1561 Sqft |
https://www.realtor.ca/real-estate/28168166/79-st-james-street-saint-john
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Contact us for more information
Li Song
Salesperson
1020 Rothesay Road
Saint John, New Brunswick E2H 2H8
Janice Purdy
Salesperson
1020 Rothesay Road
Saint John, New Brunswick E2H 2H8
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April 15 2025 01:55:11
Saint John Real Estate Board Inc
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