239 Britain Street Saint John, New Brunswick E2L 2X2
$599,900
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:49203)
Property Details
| MLS® Number | NB144277 |
| Property Type | Multi-family |
Building
| Appliances | Refrigerator, Stove |
| Basement Type | Crawl Space |
| Exterior Finish | Vinyl |
| Flooring Type | Laminate, Hardwood |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Interior | 7,000 Sqft |
| Total Finished Area | 7000 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 4101 |
| Size Total | 4101 Sqft |
| Size Total Text | 4101 Sqft |
https://www.realtor.ca/real-estate/30144561/239-britain-street-saint-john
Contact Us
Contact us for more information
Paul Bustin
Salesperson
www.bustinhomes.com/
www.facebook.com/BustinHomes?ref=aymt_homepage_panel
71 Paradise Row
Saint John, New Brunswick E2K 3H6
(506) 658-6440
(506) 658-1149
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