31
$599,000 Sale
Listed 61 days ago
239 Britain Street
· 0
· 0.0
· 0
· 7000
Key Facts
Key facts for 239 Britain Street
Property Type
Apartment
Parking
Garage: No, 0 parking
MLS #
NB144277
Size
7000 sqft
Basement
Crawl space
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
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. Bu...ilding 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:10452)
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Listing courtesy of: Royal LePage Atlantic
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