Book your free home evaluation
49 Quinton Avenue Saint John, New Brunswick E2M 5L7
$1,400,000
INVESTMENT ALERT!! Here is your chance to own a 10 Unit Apartment building in probably the most desirable area of Saint John West. This building is an ICON of the Westside and tucked away in a residential neighbourhood. With the City Transits New Flex System in place this is a great home for tenants without vehicles. There is currently a 4 bay garage (dirt floor), and 3 lots total adding to the investment. There are some long term tenants and some newer ones. Building has a new Roof and Propane Furnace. The building consist of 8 One bedroom plus den units these can be used as a second smaller bedroom as well and 2 Three bedroom units on the Top Floor. Current Rent Roll is 1+Den units = $650,$1200,$1035,$790,$1035,$1200,$790,$1250 ( As you can tell there is room for increases). 3 Bedroom units = $1400,$2000 with a total Rent Roll currently at $136,200 / YEAR, plus $2200 in laundry income... If all units were at Market Rents Revenue could be $165,400. Operating Expenses are Property Tax $13,725, Insurance $5292, Electricity $3730, Garbage $3105, Snow Removal $1100, Water/Sewage $2877, Heat $13,773. Total Operating Expenses =$43,602 with a NET of $94,798. Extra Large Lot could potential be used for future development. (id:53560)
Property Details
| MLS® Number | NB108277 |
| Property Type | Multi-family |
| Neigbourhood | Quinton Heights |
| EquipmentType | None |
| RentalEquipmentType | None |
Building
| Appliances | Refrigerator, Stove, Washer, Dryer |
| BasementType | Full |
| ExteriorFinish | Vinyl, Wood |
| FireProtection | Smoke Detectors, Alarm System |
| FlooringType | Hardwood |
| FoundationType | Concrete |
| HeatingFuel | Propane |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| TotalFinishedArea | 6000 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Year-round Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeIrregular | 18000 |
| SizeTotal | 18000 Sqft |
| SizeTotalText | 18000 Sqft |
https://www.realtor.ca/real-estate/27570959/49-quinton-avenue-saint-john
10 King George Crt
Saint John, New Brunswick E2K 0H5
(506) 634-8200
(506) 632-1937
www.remax-sjnb.com/
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®)
December 11 2024 03:26:35
Saint John Real Estate Board Inc
RE/MAX Professionals