49 Quinton Avenue Saint John, New Brunswick E2M 5L7
$1,400,000
INVESTMENT ALERT!! Here is your chance to own a 10 Unit Apartment building in probably the most desirable area of Saint John West. This building is an ICON of the Westside and tucked away in a residential neighbourhood. With the City Transits New Flex System in place this is a great home for tenants without vehicles. There is currently a 4 bay garage (dirt floor), and 3 lots total adding to the investment. There are some long term tenants and some newer ones. Building has a new Roof and Propane Furnace. The building consist of 8 One bedroom plus den units these can be used as a second smaller bedroom as well and 2 Three bedroom units on the Top Floor. Current Rent Roll is 1+Den units = $650,$1200,$1035,$790,$1035,$1200,$1200,$1250 ( As you can tell there is room for increases). 3 Bedroom units = $1400,$2000 with a total Rent Roll currently at $141720/ YEAR, plus $2200 in laundry income... If all units were at Market Rents Revenue could be $165,400. Operating Expenses are Property Tax $13,725, Insurance $5292, Electricity $3730, Garbage $3105, Snow Removal $1100, Water/Sewage $2877, Heat $13,773. Total Operating Expenses =$43,602 with a NET of $98118. Extra Large Lot could potential be used for future development. (id:42550)
Property Details
| MLS® Number | NB108277 |
| Property Type | Multi-family |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Appliances | Refrigerator, Stove, Washer, Dryer |
| Basement Type | Full |
| Exterior Finish | Vinyl, Wood |
| Fire Protection | Smoke Detectors, Alarm System |
| Flooring Type | Hardwood |
| Foundation Type | Concrete |
| Heating Fuel | Propane |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Total Finished Area | 6000 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 18000 |
| Size Total | 18000 Sqft |
| Size Total Text | 18000 Sqft |
https://www.realtor.ca/real-estate/27570959/49-quinton-avenue-saint-john
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April 10 2025 10:05:25
Saint John Real Estate Board Inc
RE/MAX Professionals