At a cap rate of around 7, this 5-Plex is sure to make cashflow a reality. Located in the commercial section of Main St, this brick building has a newer electrical entrance (see picture) and the heating system was converted to electric, so tenants pay own heat, lights and hot water; say goodbye to oil, natural gas, propane, furnaces and waiting for service technicians. And, how about the buzzing multi-million dollar Shamrock park for soccer, tennis etc, being a walking distance from the building!. Rents: Apt 325-1 $810, apt 325-2 $1,200 (VACANT SO YOU CAN SET THE RENT), apt 325-3 $1,050, apt 325.5-1 $1,000 (VACANT SO YOU CAN SET THE RENT), apt 325.5-2 $779. Tax $4,551, electric $240, water $4,000, insurance $3,000, garbage $1,345. (id:13843)
MLS # | NB115046 |
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Listing Type | For Sale |
Status | Active |
Days On Site | 113 |
Listing Provided By | Century 21 All Seasons Realty | Milad Debly |
SQ Feet | 4,860 |
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Units | 5 |
Acreage | 0.05 |
Property | 4551 |
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Province | NB |
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City | Saint John |
Postal Code | E2K1H7 |