421 Douglas Ave Saint John, New Brunswick E2K 1E9
$449,900
Income producing 6-unit building on historic Douglas Ave with riverfront and many waterviews! Possible 7th unit on the street level that was originally a store, city approval, permits responsibility of purchaser. Property is located across from the Harbour Passage, overlooking Reversing Falls. Convenient location on main bus routes, easily accessible to major amenities. Units are all 1-bedroom layouts, 5 out of 6 units updated within last two years. No vacancy as of July 1. Rents as follows: $900, 850,1050, 925, 648.75, 895. Monthly net profit of $2347. Recent upgrades include new high efficiency gas boiler (Sept 2022), New 200 amp main breaker panel and 100 amp individual subpanels in each apartment, an additional 100 amp panel was added for the hot water tanks (2022). Plumbing upgrades to 5 bathrooms, some basement plumbing updated to PEX. Roof was patched by previous owner before 2019 and no issues. Included in the purchase is a Mircom analog fire system complete with a fire panel, annunciator and all accessories, ready to install by purchaser if they choose to. New keyed apartment mail boxes which includes a lockbox for Canada Post building access installed (2022). New front entrance door with custom address plaque and hardware (2022). (id:42550)
Property Details
| MLS® Number | M153513 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit, Shopping |
| Communication Type | High Speed Internet |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
| Structure | Patio(s) |
| View Type | View Of Water |
| Water Front Type | Waterfront |
Building
| Amenities | Street Lighting |
| Basement Type | None |
| Exterior Finish | Vinyl Siding, Wood Siding |
| Flooring Type | Carpeted, Laminate |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water |
| Size Interior | 3000 Sqft |
| Total Finished Area | 3000 Sqft |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Land Amenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Irregular | 10398 Imperial |
| Size Total Text | 10398 Imperial|under 1/2 Acre |
https://www.realtor.ca/real-estate/25749354/421-douglas-ave-saint-john
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October 25 2023 01:39:02
Greater Moncton REALTORS® du Grand Moncton
Keller Williams Capital Realty