$599,900
239 Britain Street
Saint John, New Brunswick
7,000 square feet
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Accepted Offer. A rare opportunity to acquire two multi-unit residential buildings on a single PID, offering a total of seven rental units in a prime uptown Saint John location and where tenants pay their own utilities. Situated at the corner of Britain Street and Pitt Street bordering the Turnbull Nursing Home. Building 1 is a Corner Building (Britain/Pitt); This structure contains four units: 239, 241 and 243 Britain Street as well as 239 Pitt Street. Building 2 is a separate three-Unit building wholly on Pitt Street: 233, 235 and 237 Pitt Street. Strong Financial Performance: Gross Income: $89,160; Gross Expenses: $27,342; Net Operating Income: $61,818 equals an exceptional CAP Rate of just over 10%. This property is a well-configured, centrally located multi-unit package offering strong cash flow, operational efficiency with all units on one PID. A solid opportunity for investors seeking income, stability, and long-term growth in a high-demand rental market. (id:66617)
The details
- Property type
- Multi-family
- Living area
- 7,000 square feet
- Lot size
- 4,101 square feet
- Heating
- Baseboard heaters, Electric
- Basement
- Crawl space
- Flooring
- Hardwood, Laminate
- MLS® number
- NB144277
Roughly $2,791/month principal and interest, assuming 20% down at 5% over 25 years — an illustration, not a quote. Run your own numbers.
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