About this home

Strong income and modern construction come together in this fully rented three-unit building built in 2024. With newer construction and minimal maintenance expected for years to come, this property offers a solid addition to any investment portfolio. All three units are rented at $1,800 per month with tenants paying their own utilities, providing stable income and a strong cap rate. Tenants are on one-year leases, offering reliability while still allowing flexibility to increase rents this year as market conditions allow. Each unit features two bedrooms, an open-concept kitchen and living area, private balcony, and the convenience of in-unit laundry with washer and dryer. The property also offers off-street parking for six vehicles, an important feature for tenants and long-term rental appeal. For buyers looking to enter the market, this property also provides the option of owner-occupied investing, allowing you to live in one unit while the others generate income. With strong rental demand and zero vacancy, this is a solid turn-key opportunity. Conveniently located close to shopping, restaurants, public transit, and quick highway access for commuting. (id:63626)

Listed by: Sheila Kirkpatrick, Salesperson, EXIT Realty Specialists

Home facts and features

Price details

List Price

$799,900

Home facts

Bedrooms

Full Bathrooms

Property Type

Multifamily

Lot Size

3896 ft²

Depth

Year Built

Built in 2024 (2 yrs old)

Title

Freehold

Exterior Finish

Vinyl

Heating Type

Baseboard heaters, Electric

Appliances

Dishwasher, Dryer, Refrigerator, Stove, Washer

Agent details

Primary Agent

Sheila Kirkpatrick

Primary Broker

EXIT Realty Specialists

Listing details

Days on REW

93 Days

Property Views

MLS® Number

NB134441

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 3km

Bayside Middle School

n/a
6 - 8
In Catchment

Bayview School

n/a
K - 5
In Catchment

Prince Charles School

n/a
K - 8
In Catchment

St. Malachy's Memorial High School

n/a
9 - 12
In Catchment

St. John The Baptist/King Edward School

n/a
K - 8
In Catchment

Princess Elizabeth School

n/a
K - 8
In Catchment

Hazen-White-St. Francis School

n/a
K - 8
In Catchment

Saint John High School

n/a
9 - 12
In Catchment

Divine Mercy Catholic School

n/a
K - 9
In Catchment

Champlain Heights School

n/a
K - 5
In Catchment

30 Saint Catherine StreetSaint John, NB, E2J 2J2