$695,000

*** For more information, please click Brochure button. *** Exceptional investment opportunity a fully tenanted 6-unit residential apartment building near BOAT CLUB delivering strong cash flow from day one. All six units are occupied with stable tenants, and several units remain below current market rents, offering a buyer immediate upside as tenancies turn over. The Numbers: Gross Annual Income: $73,188 Annual Operating Expenses: $11,815 Net Operating Income: $61,373 | Cap Rate: 7.5%+ Unit Mix & Current Rents: 1 × Three-Bedroom $1,400/month 2 × Two-Bedroom $1,000 and $995/month 3 × One-Bedroom $994 / $960 / $750/month Why This Property Works: Tenants pay their own electric heat, keeping landlord carrying costs minimal. Operating expenses are lean property taxes (5100), insurance(3200), water/sewer(3000), and common electricity only(1200). Zoned Urban Centre Residential (id:64343)

Property Details

MLS® Number	NB142185
Property Type	Multi-family
Neigbourhood	Pokiok
Equipment Type	None
Rental Equipment Type	None

Building

Exterior Finish	Concrete
Flooring Type	Other
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Size Interior	3,886 Sqft
Total Finished Area	3886 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	7714
Size Total	7714 Sqft
Size Total Text	7714 Sqft

https://www.realtor.ca/real-estate/29917799/30-cedar-street-saint-john