Investor alert! Situated on one of the main arteries into Saint John's city centre (Uptown), this well-priced fourplex offers an excellent opportunity to generate revenue. The building houses four units, including a 3-bedroom, 2-bedroom, 1-bedroom with bonus area, and another 1-bedroom apartment. Units are spacious with modern, open layouts. It is situated on a hill not far from a waterfront park, Saint John Power Boat Club, and neighbourhood amenities. The property benefits from water views, various updates, some newer windows, a handsome brick facade, and a quick five minute drive into Uptown. Each unit has its own electric meter. A Saint John Transit bus stop is adjacent to the building, as well as school bus stops for both the English and French school boards. Great potential!
The rental market is doing well in this location. The building next door is offering 1-2 bedroom units for $750-$800+ per month with no heat or electricity included and the units are renting as they become available. Great opportunity to buy a four unit property at this low price with fantastic revenue potential!
New Brunswick offers flexible rental terms allowing you to rent by the week, month or year, furnished or unfurnished. Whether you are looking to use one or more units for yourself, or rent all of them to tenants, at $74,900, this is a fantastic investment opportunity.
For additional investor information regarding the property, four apartments, the city, neighborhood, and more photos, please visit:
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***Please note that this property does need work. Due to the property's low price, and work required, it would not be suited to conventional financing. Rather, the buyer would need to purchase the property in cash or utilize creative financing such as a private mortgage. Private financing is available for this property; however, potential buyers will need to provide a down payment and have a good credit rating. Contact the owner for details. Neither rent-to-own nor vendor backed financing will be considered. The property is being sold as is where is. Google Street view inaccurately portrays the street; Main Street is undergoing a major transformation.***
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