+28 more
2,624 sqft
Living Area
0.115 ac
Lot
About This Property
This multi-family in Saint John offers 2,624 sqft of living area on a 0.115 ac lot. The property has lot dimensions of 0.115. The home features laminate and vinyl flooring, baseboard heaters, electric heating, a unfinished, full, walk out basement.
MLS Remarks
Welcome to 53 Newman Street, a well maintained three unit building located just minutes from the city centre. This property has been owned by the same owner for many years and has seen numerous upgrades over time, including electrical, plumbing, roofing and more, offering buyers peace of mind. Each unit features baseboard electric heat with separate meters, making it an ideal setup for investors. The unfinished basement provides excellent future potential with the opportunity to create a fourth unit, subject to the necessary approvals. Current rents are well below market value, and Unit 1 is vacant, allowing a new owner the flexibility to set market rent or occupy the unit while improving the overall income potential. With a strong location, solid improvements already completed and clear upside, this property presents an excellent opportunity for investors looking to add value and grow their portfolio. Contact today for full details or to arrange a viewing. Note that the income noted is factoring in the potential income for unit #1. (id:60351)
Overview
Property Typeresidential
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
