99-101 Elliott Row, Saint John

$749,000

New Listing
0 Beds
0 Baths
0 Sqft
.11 Acres

This well-kept 7-unit building is a prime investment opportunity located within walking distance to the best of Uptown Saint Johns shops, restaurants, and amenities. Ideal for both new and seasoned investors, the property offers a strong cap rate of over 67%, delivering excellent cash flow and long-term potential. The building spans three levels and features a desirable unit mix of four 1-bedroom units, two 2-bedroom units, and 1 Bach. unit, appealing to a broad range of tenants. Residents enjoy a large private backyard and a walkout deck, adding to the property's livability and tenant satisfaction. The current rent roll includes Unit #1 rented at $1,200, Unit #2 at $900, Unit #3 at $1,400, Unit #4 at $1,300, and Unit #5 has been rented for April 1st at $1,050. Unit #6 is currently vacant and being advertised at $995 per month with all utilities included, Unit #7 at $1200. With strong net income already in place and room to increase rents, the property presents immediate and future value. (id:6289)

Essential Information
Listing #NB114778
Price$749,000
Bathrooms0.00
Acres0.11
TypeMulti-family
Community Information
Address99-101 Elliott Row
CitySaint John
ProvinceNew Brunswick
Postal CodeE2L1C8
Amenities
FeaturesBalcony/Deck/Patio
Interior
HeatingNatural gas Hot Water
# of Stories3
Exterior
ExteriorVinyl
FoundationConcrete
Listing Details
OfficeEXIT REALTY SPECIALISTS

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