Saint John, NB E2M5L7,49 Quinton Avenue
Saint John, NB E2M5L7,49 Quinton Avenue
Saint John, NB E2M5L7,49 Quinton Avenue
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$1,400,000
Est. payment /mo
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0.41 Acres Lot
Active

49 Quinton Avenue Saint John, NB E2M5L7

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS® Listing ID NB108277

Originating Board New Brunswick Real Estate Board

Lot Size 0.413 Acres

Acres 18000.0

Property Description

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,$1250,$1035,$1250,$1035,$1200,$790,$1250 ( As you can tell there is room for increases). 3 Bedroom units = $1400,$2075 with a total Rent Roll currently at $143220/ YEAR, plus $1200 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 $98118. Extra Large Lot could potential be used for future development. (id:24570)

Location

Province NB

Rooms

Kitchen 0.0

Interior

Heating Forced air,

Flooring Hardwood

Exterior

Parking Features No

View Y/N No

Private Pool No

Building

Story 3

Sewer Municipal sewage system


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agent

Shawn Tucker

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+1(506) 651-1111

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49 Quinton Avenue