Located in the heart of uptown Saint John, this well-maintained fourplex features four 1-bedroom unitsan excellent opportunity for investors seeking strong returns. The building has undergone significant upgrades, with over $50,000 invested in improvements including flooring reconstruction, bathroom repairs, and electrical work (full details available in the uploaded documents). All units are currently rented at $895, $895, $850, and $925, generating a total annual income of approximately $42,780. Tenants pay their own heat and lights. Estimated yearly expenses total $16,218, covering taxes, electricity, water/sewer, snow removal, property management, pest control, and insurance. With a projected net income of $26,525 and a cap rate around 9%, this property offers a strong, turn-key investment in a desirable uptown location. (id:51532)
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