105 Victoria Street

Saint John, New Brunswick, E2K1L5

Multi-family
2,080 sq ft

Listing brokerage: EXIT Realty Specialists · Co-listing brokerage: EXIT Realty Specialists

Listing REALTOR®: Li Song, Salesperson · Janice Purdy

MLS® number: NB148012

Data provided by: New Brunswick

View this listing on REALTOR.ca

About this property

INVESTMENT OPPORTUNITY with strong existing income and significant value-add potential! 105 Victoria Street is an income-producing triplex offering a return approaching a 10% cap rate based on current operating figures. All three units are occupied by long-term tenants on month-to-month rental agreements, providing established rental income from day one. Currently configured as two 2-bedroom units and one 1-bedroom unit, the property offers an exciting opportunity for investors to explore conversion to as many as 5 units through renovations and required municipal approvals. Unlock additional rental potential and further maximize the building's long-term performance. Operating costs have been well managed. Heating costs were less than approximately $5,000 last year, municipal water is metered, tenants pay their own electricity, and there is no rental equipment. Two units also have their own laundry. The building features a tar-and-gravel flat roof. Conveniently located on a bus route and close to an elementary school, Shamrock Park, grocery stores, restaurants and everyday amenities. Two off-street parking spaces are available, along with additional street parking nearby. Whether you're looking for established rental income today or a value-add opportunity for tomorrow, call your REALTOR® today to unlock the potential of this real estate investment! Please note: Showing requests require advance notice, as 2448 hours' notice must be provided to all tenants. (id:67706)

Details

Property type: Multi-family
Building type: Triplex
Ownership: Freehold
Units: 3
Living area: 2,080 sq ft
Lot size: 2658
Heating: Oil
Basement: Full
Foundation: Wood, Concrete
Exterior: Vinyl
Flooring: Hardwood, Laminate
Appliances: Refrigerator, Stove
Water: Municipal water
Sewer: Municipal sewage system
Annual taxes: $1,437
MLS® number: NB148012

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