278 Watson Street Saint John, New Brunswick E2M 1G9
$289,900
Welcome to this well-maintained 3-unit income property, located on the corner of Watson and Tower west. With a CAP rate of 9.7%, this property offers a fantastic investment opportunity with steady rental income and minimal operating expenses. Each unit is designed for tenant convenience and comfort, making it a sought-after rental option. Three Spacious 2 bedroom Units: Each unit features 2 bedrooms and 1 bathroom. There are 3 meters and the tenants pay their own heat and lights. Parking: 1 Off-street parking paved driveway available on the Watson side. Recent rent increases took effect January 2025. This property is ideal for investors looking for a turn-key property. Dont miss out on this opportunity to expand your real estate portfolio! (id:61805)
Property Details
| MLS® Number | NB118178 |
| Property Type | Multi-family |
| Neigbourhood | Fundy Heights |
| Equipment Type | Water Heater |
| Features | Balcony/deck/patio |
| Rental Equipment Type | Water Heater |
Building
| Appliances | Refrigerator, Stove |
| Exterior Finish | Vinyl |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Total Finished Area | 1400 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 3702 |
| Size Total | 3702 Sqft |
| Size Total Text | 3702 Sqft |
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May 30 2025 06:44:47
New Brunswick Real Estate Board
Royal LePage Atlantic