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MLS® NB142185

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 3886 sqft
Garage 
Taxes $3,562
Days Active 23
Lot Size 7714 SF
Approx. Age 
Avg. Price Per Sqft $178
MLS® Number NB142185

Property Address: 30 Cedar St, Saint John, NB, E2K1C7

Average square foot calculated using Size range provided by listing agent.

Description

*** For more information, please click Brochure button. *** Exceptional investment opportunity a fully tenanted 6-unit residential apartment building near BOAT CLUB delivering strong cash flow from day one. All six units are occupied with stable tenants, and several units remain below current market rents, offering a buyer immediate upside as tenancies turn over. The Numbers: Gross Annual Income: $73, 188 Annual Operating Expenses: $11, 815 Net Operating Income: $61, 373 | Cap Rate: 7.5%+ Unit Mix & Current Rents: 1 × Three-Bedroom $1, 400/month 2 × Two-Bedroom $1, 000 and $995/month 3 × One-Bedroom $994 / $960 / $750/month Why This Property Works: Tenants pay their own electric heat, keeping landlord carrying costs minimal. Operating expenses are lean property taxes (5100), insurance(3200), water/sewer(3000), and common electricity only(1200). Zoned Urban Centre Residential (id:58753)Show Description
MLS® NumberNB142185
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
HeatBaseboard heaters, Electric
A/C

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
30 Cedar St, Saint John, NB

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