239 Britain StreetSaint John, NB E2L 2X2
Description
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:31684)
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Living area
- 7,000 Sq Ft
- Lot size
- 4,101 Sq Ft
- Lot dimensions
- 4101
- Ownership
- Freehold
- Listing #
- NB144277
Property Features
- Appliances
- Cooktop · Refrigerator
- Heating
- Baseboard · Electric
- Flooring
- Hardwood · Laminate
- Basement
- Crawl Space
- Construction
- Vinyl Siding
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Annual taxes
- $8,022
- Parcel number
- 00001297
Directions
239 Britain St
Listing Courtesy: Royal LePage Atlantic
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