99-101 Elliott Row Saint John, New Brunswick E2L 1C8
$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:42550)
Property Details
| MLS® Number | NB114778 |
| Property Type | Multi-family |
| 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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March 27 2025 12:55:38
Saint John Real Estate Board Inc
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