23
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$1,190,000
Est. payment /mo
5,178 SqFt
Active
300/ 125 Guilford and Lancaster Street Saint John, NB E2M1W3
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5178
Square Footage 5,178 sqft
Price per Sqft $229
MLS® Listing ID NB136499
Lot Size 0.275 Acres
Acres 0.2752754
Property Sub-Type Freehold
Property Description
Rarely does an investment opportunity of this calibre come to market. Offering a 7% CAP RATE Located in a convenient area for tenants, on the west side steps to bus stops, highway access, schools, restaurants and the growing Port! On the corner lot of Guilford and Lancaster Streets, this impressive eight-unit portfolio comprises two side-by-side 4-plexes offered together with a shared back yard providing scale, efficiency, and immediate cash flow from day one. Each unit has been thoughtfully renovated and features its own new heat pump ( owned not rented ) , four new or newer appliances, and designated off-street parking. With tenants responsible for their own heat and electricity, no garbage expense, new heat pumps, operating costs are lean and net income is strong with room to grow! If youre looking to scale up your portfolio this A clean, efficient asset with a tenant base and expense structure that make the numbers work. Rarely does an opportunity like this present itself! (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Heat Pump,
Cooling Heat Pump
Flooring Laminate
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://www.youtube.com/watch?v=OOr664pt2tA
Listed by eXp Realty
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