290 King St W
Saint John, New Brunswick
MLS® NB145494
$669,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- NB145494
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 33Listing description
THIS BUILDING CAN ALSO BE PURCHASED AS PART OF A 36 UNIT PACKAGE. This 6 Unit will give any investor a Great opportunity to expand your portfolio. This property is located on the West side of Saint Jonn, next door to the Fire Station, Tim Hortons...
just across the street, and giving access to the highway. This building has gone through extensive renovation on the inside, with all new electrical installed throughout, top to bottom including upgrades to the mast. All Units have owned tankless water heaters, keeping expenses down!
Some units are rented below market value, and could be increased. Electric baseboard heating.. all tenants pay their own heat and lights & hot water.
There is ample off st. parking, with on street parking as well. The building consists of 2-1 bedrooms, 3-2 bedrooms- 1-3 bedrooms.
Rents are as follows:Unit 1= $1,395 per month, Unit 2= $995 , Unit 3= $1,045 , Unit 4= $995 , Unit 5= $1,325 & Unit 6= $1,295 This property shows a cap rate of 7. 7% with financials provided. All dimensions and numerics are approximate and may be verified by the buyer.
Interested buyers may consider buying a whole portfolio consisting of 36 units, located at 260 Douglas Ave 9 plex, 130-132 Broad st 6 plex, 148 Broad st 5 plex , 224-230 Britain st. -5 unit plus garage income , & 19 Cedar st. 5 units
Property summary
- MLS® number
- NB145494
- Property type
- Multi-family
- Square footage
- 6,200 sq ft
- Title
- Freehold
- Land size
- 469 square meters
- Annual property taxes
- $4,745.02
- Days on market
- 37 days
Features & details
- Heating
- Baseboard heaters, Electric
- Basement
- Full, Partial, Crawl space
- Flooring
- Laminate, Vinyl
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer
- Exterior features
- Wood, Wood shingles, Vinyl
What would this home cost you?
Based on the $669,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of EXIT Realty Specialists, Saint John.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.