49 Quinton Avenue , Saint John, NB E2M5L7
Saint John, NB E2M5L7
Description
INVESTMENT ALERT!! Here is your chance to own a 10 Unit Apartment building in probably the most desirable area of Saint John West. This building is an ICON of the Westside and tucked away in a residential neighbourhood. With the City Transits New Flex System in place this is a great home for tenants without vehicles. There is currently a 4 bay garage (dirt floor), and 3 lots total adding to the investment. There are some long term tenants and some newer ones. Building has a new Roof and Propane Furnace. The building consist of 8 One bedroom plus den units these can be used as a second smaller bedroom as well and 2 Three bedroom units on the Top Floor. Current Rent Roll is 1+Den units = $650,$1200,$1035,$790,$1035,$1200,$1200,$1250 ( As you can tell there is room for increases). 3 Bedroom units = $1400,$2000 with a total Rent Roll currently at $141720/ YEAR, plus $2200 in laundry income... If all units were at Market Rents Revenue could be $165,400. Operating Expenses are Property Tax $13,725, Insurance $5292, Electricity $3730, Garbage $3105, Snow Removal $1100, Water/Sewage $2877, Heat $13,773. Total Operating Expenses =$43,602 with a NET of $98118. Extra Large Lot could potential be used for future development. (id:13843)
Details
| MLS# | NB108277 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 182 |
| Listing Provided By | RE/MAX PROFESSIONALS | Marcus Power |
Features
| SQ Feet | 6,000 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 10 |
| Acreage | 0.41 |
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Learn More About This Property
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2M5L7 |
| Listing VS Median (In E2M5L7) | |
Price: $1,400,000 low | high Med: $1,400,000 SqFt: 6,000 low | high Med: 6,000 $ / SqFt: $233 low | high Med: $233 On site: 182 low | high Med: 182.000000 | |