Address
101 Carleton Street, Saint John, NB
Price
$ 1,050,000
Property Attributes
- ID#NB135375
- TypeMulti-Family
- Listing Status Active
- MunicipalitySaint John
- CitySaint John
- AreaSaint John
- Postal CodeE2L 2Z2
- Style
- Price$ 1,050,000
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
- Sqr Footage6682
Data Source:
Canadian Real Estate Association (CREA)
Property Description
An opportunity with serious upside in the heart of Saint Johns City Centre. This multi-unit property at 101 Carleton Street is currently operating as a 7-unit building, with an additional unit already in place offering future potential (buyer to verify). The property features a strong unit mix, primarily 2-bedroom units, appealing to a wide range of tenants. Units 1-4 are currently rented. Rents are as follows: Unit 1 $1,500/month, Unit 2 $1,350/month, Unit 3 $1,450/month, Unit 4 $1,500/month. All tenants pay their own heat/electricity. Additional units with projected rents are: Unit 5 $1,400/month, Unit 6 $1,600/month (this unit is not a legal unit), Unit 7 $1,100/month, Unit 8 $1,000/month. This brings projected gross annual income to approximately $130,800. Annual expenses include property taxes of $13,309, insurance of $2,500, water and sewer of $4,500, garbage removal of $1,586, and snow removal of $800, totaling approximately $22,695 in yearly expenses. This results in a projected net income of approximately $108,105. The building features in-unit laundry, and on-site parking. Located just steps from the hospital, and minutes to uptown Saint John, TD Station, restaurants, and amenities, this is a highly rentable area with consistent tenant demand. While the property would benefit from some TLC, the upside is clear. Whether you're looking to improve and stabilize, or hold long-term, this is a property where the numbers make sense with the right approach. (id:7434)
General Features
| Property Type | Multi-family |
|---|---|
| Building Appliances | Refrigerator, Stove, Washer, Dryer |
| Location Description | Station St to Sewell St to Carleton St. |
| Foundation Type | Concrete |
| Ownership Type | Freehold |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Fuel | Natural gas |
| Basement Type | Full |
| Flooring Type | Laminate, Vinyl |
| Living Area Range | 6682 |
Exterior Features
| Sewer | Municipal sewage system |
|---|---|
| Exterior Finish | Brick, Vinyl |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in E2L 2Z2
Price
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating