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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:55272)

Property Details

MLS® Number NB114778
Property Type Multi-family
EquipmentType None
Features Balcony/deck/patio
RentalEquipmentType None

Building

ExteriorFinish Vinyl
FlooringType Ceramic, Laminate, Wood
FoundationType Concrete
HeatingFuel Natural Gas
HeatingType Hot Water
StoriesTotal 3
TotalFinishedArea 2500 Sqft
UtilityWater Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
SizeIrregular 4822.23
SizeTotal 4822.23 Sqft
SizeTotalText 4822.23 Sqft

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

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Janice Purdy
Salesperson


Exit Realty Specialists
1020 Rothesay Road
Saint John, New Brunswick E2H 2H8

Li Song
Salesperson


Exit Realty Specialists
1020 Rothesay Road
Saint John, New Brunswick E2H 2H8

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