31-33 Peters Street Saint John, New Brunswick E2L 2Z8

$679,000

This solid 6-unit multi-family property offers an excellent investment opportunity with strong rental appeal and desirable features throughout. The building consists of a well-balanced unit mix including three 1-bedroom units, two 2-bedroom units, and one bachelor apartment - all currently rented on flexible month-to-month agreements, providing both immediate income and future upside potential. Tenants pay their own heat and lights, helping to keep operating costs down, while a coin-operated laundry adds additional income. The property has seen exterior improvements with gorgeous new siding, enhancing curb appeal and long-term durability. Outside, youll find a fully fenced yard and tiered decks that are in great shape, offering functional outdoor space for tenants. A convenient garbage alley and dedicated entrance to unit 33-1 add to the practicality of the layout. The building also features a large, dry basement, ideal for storage or future development possibilities. Well-positioned for value growth, this property offers excellent income enhancement potential with optimized management and future rent alignment. A well-maintained, income-generating property with key upgrades already completed, this is a great addition to any investment portfolio. Rents are Unit 1 = $700 Unit 2 = $950 Unit 3 = $1000 Unit 4 = $674.70 Unit 5= $1025.00 Unit 6 = $1075 (id:61805)

Property Details

MLS® Number	NB137712
Property Type	Multi-family

Building

Appliances	Refrigerator, Stove, Washer, Dryer
Basement Development	Unfinished
Basement Type	Full (unfinished)
Exterior Finish	Metal, Vinyl
Flooring Type	Laminate
Foundation Type	Concrete
Heating Fuel	Electric
Size Interior	3,300 Sqft
Total Finished Area	3300 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	374
Size Total	374 M2
Size Total Text	374 M2