Book your free home evaluation
421 Douglas Avenue Saint John, New Brunswick E2K 1E9
$449,900
Income producing 6-unit building on historic Douglas Ave with riverfront and many waterviews! Possible 7th unit on the street level that was originally a store, city approval, permits are responsibility of purchaser. Property is located across from the Harbour Passage access point, overlooking Reversing Falls. Convenient location on main bus routes, easily accessible to major amenities. Units are all 1-bedroom layouts, 5 out of 6 units updated within last two years. No vacancy as of July 1. Rents as follows: $900, 850,1050, 925, 648.75, 895. Monthly net profit of $2347. Recent upgrades include new high efficiency gas boiler (Sept 2022), New 200 amp main breaker panel and 100 amp individual subpanels in each apartment, an additional 100 amp panel was added for the hot water tanks (2022). Plumbing upgrades to 5 bathrooms, some basement plumbing updated to PEX. Roof was patched by previous owner before 2019 and no issues. Included in the purchase is a Mircom analog fire system complete with a fire panel, annunciator and all accessories, ready to install by purchaser if they choose to. New keyed apartment mail boxes which includes a lockbox for Canada Post building access installed (2022). New front entrance door with custom address plaque and hardware (2022). All measurements and information to be verified by the purchaser prior to closing. (id:53560)
Property Details
| MLS® Number | NB088713 |
| Property Type | Multi-family |
| Equipment Type | Water Heater |
| Features | Balcony/deck/patio |
| Rental Equipment Type | Water Heater |
| Water Front Type | Waterfront On River |
Building
| Appliances | Refrigerator, Stove, Washer, Dryer |
| Exterior Finish | Vinyl, Wood |
| Fire Protection | Smoke Detectors, Alarm System |
| Flooring Type | Carpeted, Ceramic, Laminate |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water |
| Roof Material | Tar & Gravel |
| Roof Style | Unknown |
| Total Finished Area | 3000 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Irregular | 10398 |
| Size Total | 10398 Sqft |
| Size Total Text | 10398 Sqft |
| Zoning Description | Rm |
https://www.realtor.ca/real-estate/25748381/421-douglas-avenue-saint-john
154 Hampton Rd.
Rothesay, New Brunswick E2E 2R3
(506) 216-8000
kwsaintjohn.ca/
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
June 22 2023 08:36:40
Saint John Real Estate Board Inc
Keller Williams Capital Realty