99-101 Elliott Row Saint John, New Brunswick E2L 1C8
$749,000
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:23389)
Property Details
| MLS® Number | NB114778 |
| Property Type | Multi-family |
| Equipment Type | None |
| Features | Balcony/deck/patio |
| Rental Equipment Type | None |
Building
| Exterior Finish | Vinyl |
| Fireplace Present | No |
| Flooring Type | Ceramic, Laminate, Wood |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water |
| Stories Total | 3 |
| Total Finished Area | 2500 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 4822.23 |
| Size Total | 4822.23 Sqft |
| Size Total Text | 4822.23 Sqft |
https://www.realtor.ca/real-estate/28080664/99-101-elliott-row-saint-john
Interested?
Contact us for more information
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
Li Song
Salesperson
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
March 27 2025 12:55:38
