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.
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Zillow last checked:
Listing updated:
Listed by:
PAUL BUSTIN, Salesperson,
Royal LePage Atlantic Brokerage
Source: New Brunswick Real Estate Board,MLS®#: NB144277
Facts & features
Interior
Heating
Baseboard, Electric
Cooling
Electric
Appliances
Included: Cooktop, Refrigerator
Features
Flooring: Cushion/Tile/Lino, Laminate
Basement: Crawl Space
Interior area
Total structure area: 7,000
Total interior livable area: 7,000 sqft
Property
Parking
Parking features: Some Off Street, Gravel, ParkingYN, No Garage