79 St James Street Saint John, New Brunswick E2L 1V5
$289,000
Located in the heart of uptown Saint John, this well-maintained fourplex features four 1-bedroom unitsan excellent opportunity for investors seeking strong returns. The building has undergone significant upgrades, with over $50,000 invested in improvements including flooring reconstruction, bathroom repairs, and electrical work (full details available in the uploaded documents). All units are currently rented at $895, $895, $850, and $925, generating a total annual income of approximately $42,780. Tenants pay their own heat and lights. Estimated yearly expenses total $16,218, covering taxes, electricity, water/sewer, snow removal, property management, pest control, and insurance. With a projected net income of $26,525 and a cap rate around 9%, this property offers a strong, turn-key investment in a desirable uptown location. (id:61805)
Property Details
| MLS® Number | NB115534 |
| Property Type | Multi-family |
| Neigbourhood | Parker's Corner |
| Equipment Type | Heat Pump, Water Heater |
| Features | Level Lot |
| Rental Equipment Type | Heat Pump, Water Heater |
Building
| Cooling Type | Heat Pump |
| Exterior Finish | Vinyl |
| Flooring Type | Ceramic, Laminate |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Heat Pump |
| Stories Total | 2 |
| Total Finished Area | 2000 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 1561 |
| Size Total | 1561 Sqft |
| Size Total Text | 1561 Sqft |
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April 15 2025 01:55:11
New Brunswick Real Estate Board
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