196 King Street East,Saint John, NB E2L1H3
Saint John, NB E2L1H3
Description
An exceptional opportunity awaits in the heart of Uptown Saint Johna charming 7-unit building nestled on one of the citys iconic heritage streets. This well-maintained property is ideally located within walking distance to Saint John's best restaurants, shops, galleries, and waterfront attractions. Whether you're a first-time investor or looking to expand your portfolio, this property offers a strong cap rate of over 67% and excellent long-term potential. The building features a solid mix of five 1-bedroom units and two 2-bedroom units, providing broad tenant appeal. Current rental rates are strong, with Unit #1 renting at $1,175, Unit #2 at $1,200, Unit #3 at $850, Unit #4 at $1,100, Unit #5 currently vacant and advertised for $1,150, Unit #6 at $1,200, and Unit #7 also at $1,200. It includes two separate access points: the front entrance on King Street leads to five of the units, while the rear access from Wentworth Street opens to two fully renovated units, offering privacy and modern finishes. The property also features its own driveway with off-street parking availablea rare find in Uptown. This is a unique opportunity to invest in one of the most desirable areas of the city, combining historic charm with solid rental income. (id:13843)
Details
| MLS # | NB114799 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 114 |
| Listing Provided By | EXIT Realty Specialists | Janice Purdy |
Features
| SQ Feet | 4,795 |
|---|---|
| Story(s) | 2 |
| Units | 7 |
| Acreage | 0.10 |
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Learn More About This Property
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2L1H3 |
| Listing VS Median (in E2L1H3) | |
Price: $779,000 low | high Med: $779,000 SqFt: 4,795 low | high Med: 4,795 $ / SqFt: $162 low | high Med: $162 On site: 114 low | high Med: 114.000000 | |
