25
See all 25 photos
$698,500
Est. payment /mo
4,003 Sqft Lot
Active
38-40 Cliff Street Saint John, NB E2L3A7
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS® Listing ID NB116369
Originating Board New Brunswick Real Estate Board
Lot Size 4,003 Sqft
Acres 4003.0
Property Description
Dont miss this exceptional opportunity to own a fully rented 5-unit income property in the heart of uptown Saint John. This well-maintained building features a strong unit mix with two 1-bedroom units, two 3-bedroom units, and one fully furnished bachelor unitideal for both long-term and short-term rental strategies. Unit Breakdown: Unit 1: 1-bedroom with spacious living room, full kitchen, bath, and private deck. Unit 2: Fully furnished bachelor with recent updates including new kitchen, bath, and flooringperfect for short-term rentals. Unit 3: 3-bedroom with large living area, eat-in kitchen, full bath, laundry, and storage. Unit 4: 3-bedroom upper-level unit with oversized primary bedroom, full bath, eat-in kitchen, in-unit laundry, and ample storage. Unit 5: 1-bedroom with generous living space, eat-in kitchen, full bath, and storage. Please note, unit 2 fully furnished, This unit has been recently vacant. Rental income for this unit was $1200 per month. Total rental income was $69,600 per year. Leaving a net income of $54,007.78. Unit will remain vacant during the sale. Property Highlights: Prime uptown location within walking distance to all amenities Off-street parking included Excellent income potential with strong rental history Flexible configuration ideal for diversified investment portfolio Whether youre expanding your portfolio or entering the market, this turnkey property offers excellent value and versatility. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,
Flooring Laminate, Tile, Hardwood
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Listed by SUTTON GROUP AURORA REALTY LTD.