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:23389)
Property Details
| MLS® Number | NB115534 |
| Property Type | Multi-family |
| Equipment Type | Heat Pump, Water Heater |
| Features | Level Lot |
| Rental Equipment Type | Heat Pump, Water Heater |
Building
| Cooling Type | Heat Pump |
| Exterior Finish | Vinyl |
| Fireplace Present | No |
| 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 |
https://www.realtor.ca/real-estate/28168166/79-st-james-street-saint-john
Interested?
Contact us for more information
Li Song
Salesperson
1020 Rothesay Road
Saint John, New Brunswick E2H 2H8
(506) 642-3948
(506) 642-7770
Janice Purdy
Salesperson
(506) 642-9715
www.take-2.ca/
www.facebook.com/take2realestate
1020 Rothesay Road
Saint John, New Brunswick E2H 2H8
(506) 642-3948
(506) 642-7770
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Saint John Real Estate Board Inc
Exit Realty Specialists
April 15 2025 01:55:11
