47 Elm Street

St. Stephen, New Brunswick, E3L2L1

Multi-family
4,000 sq ft

Listing brokerage: Royal LePage Select Realty

Listing REALTOR®: Dwayne Snell, Salesperson

MLS® number: NB144471

Data provided by: New Brunswick

View this listing on REALTOR.ca

About this property

Unlock the ultimate Investment Property with this sprawling, multi-structure estate located in centrally in the Town of St. Stephen with easy access to all the amenities the town offers. Boasting a massive double lot with large mature trees and a park like atmosphere it also has access to municipal water and sewer connections. This property is a blank canvas offering incredible cash flow potential for visionary buyers. Whether you want to restore the existing footprint to create a multi-family income generator, or subdivide to build a brand-new home or additional rental units, the possibilities here are endless! The property features a total of 4 existing rental units across interconnected buildings, offering massive ROI potential once restored. The two-story main house features two separate rental units (roughly 1100 square feet each) with the top unit featuring an attic space with a window. It has a solid foundation and has good bones. Unit 3 (Attached Extension roughly 600 square feet) is an adjoining addition that was previously used as a rental unit. Unit 4 (Story-and-a-Half House that's roughly 1250 square feet) is an additional unit connected to the rear extension. It also features an attached 1-car garage. Total configuration: 4 self-contained rental units requiring full restoration. Subdivision Potential: The lot can be subdivided into two separate, legal parcels, giving you the ability to sell off the second lot or develop it. Build New: With municipal services already in place, the subdivided lot provides a ready-made opportunity to Build a House or Apartment and maximize your property value. This property is a fixer-upper and requires a complete to-the-studs renovation inside. (id:67706)

Details

Property type: Multi-family
Building type: Fourplex
Ownership: Freehold
Units: 4
Living area: 4,000 sq ft
Lot size: 0.48
Cooling: None
Basement: Crawl space
Foundation: Stone
Exterior: Wood
Flooring: Other
Water: Municipal water
Sewer: Municipal sewage system
Annual taxes: $828
MLS® number: NB144471

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