$599,000
239 Britain Street
Saint John, New Brunswick, E2L2X2
- Multi-family
- 7,000 sq ft
Listing brokerage: Royal LePage Atlantic
Listing REALTOR®: Paul Bustin, Salesperson
MLS® number: NB144277
Data provided by: New Brunswick
About this property
Accepted OFFER. A rare opportunity to acquire two multi-unit residential buildings on a single PID, offering a total of seven rental units in a prime uptown Saint John location and where tenants pay their own utilities. Situated at the corner of Britain Street and Pitt Street bordering the Turnbull Nursing Home. Building 1 is a Corner Building (Britain/Pitt); This structure contains four units: 239, 241 and 243 Britain Street as well as 239 Pitt Street. Building 2 is a separate three-Unit building wholly on Pitt Street: 233, 235 and 237 Pitt Street. Strong Financial Performance: Gross Income: $89,160; Gross Expenses: $27,342; Net Operating Income: $61,818 equals an exceptional CAP Rate of just over 10%. This property is a well-configured, centrally located multi-unit package offering strong cash flow, operational efficiency with all units on one PID. A solid opportunity for investors seeking income, stability, and long-term growth in a high-demand rental market. (id:67706)
Details
- Property type
- Multi-family
- Ownership
- Freehold
- Units
- 7
- Living area
- 7,000 sq ft
- Lot size
- 4101
- Heating
- Baseboard heaters, Electric
- Basement
- Crawl space
- Foundation
- Concrete
- Exterior
- Vinyl
- Flooring
- Hardwood, Laminate
- Appliances
- Refrigerator, Stove
- Water
- Municipal water
- Sewer
- Municipal sewage system
- Annual taxes
- $8,022
- MLS® number
- NB144277
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