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$ 229,900
Est. payment /mo
Active
105 Victoria Street Saint John, NB E2K1L5
2,080 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2080
Square Footage 2,080 sqft
Price per Sqft $110
MLS® Listing ID NB148012
Lot Size 2,658 Sqft
Acres 2658.0
Property Sub-Type Freehold
Property Description
INVESTMENT OPPORTUNITY with strong existing income and significant value-add potential! 105 Victoria Street is an income-producing triplex offering a return approaching a 10% cap rate based on current operating figures. All three units are occupied by long-term tenants on month-to-month rental agreements, providing established rental income from day one. Currently configured as two 2-bedroom units and one 1-bedroom unit, the property offers an exciting opportunity for investors to explore conversion to as many as 5 units through renovations and required municipal approvals. Unlock additional rental potential and further maximize the building's long-term performance. Operating costs have been well managed. Heating costs were less than approximately $5,000 last year, municipal water is metered, tenants pay their own electricity, and there is no rental equipment. Two units also have their own laundry. The building features a tar-and-gravel flat roof. Conveniently located on a bus route and close to an elementary school, Shamrock Park, grocery stores, restaurants and everyday amenities. Two off-street parking spaces are available, along with additional street parking nearby. Whether you're looking for established rental income today or a value-add opportunity for tomorrow, call your REALTOR® today to unlock the potential of this real estate investment! Please note: Showing requests require advance notice, as 2448 hours' notice must be provided to all tenants. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Flooring Laminate, Hardwood
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by EXIT Realty Specialists