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CANBSaint JohnSaint John Centre101 Carleton St
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101 Carleton St, Saint John, NB

Real Estate

For Sale

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MLS® NB135375

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 6682 sqft
Garage No
Maintenance Fees 
Taxes $13,309
Days Active 2
Approx. Age 
Avg. Price Per Sqft $157
MLS® Number NB135375

Property Address: 101 Carleton St, Saint John, NB, E2L2Z2

Average square foot calculated using Size range provided by listing agent.

Description

An opportunity with serious upside in the heart of Saint Johns City Centre. This multi-unit property at 101 Carleton Street is currently operating as a 7-unit building, with an additional unit already in place offering future potential (buyer to verify). The property features a strong unit mix, primarily 2-bedroom units, appealing to a wide range of tenants. Units 1-4 are currently rented. Rents are as follows: Unit 1 $1, 500/month, Unit 2 $1, 350/month, Unit 3 $1, 450/month, Unit 4 $1, 500/month. All tenants pay their own heat/electricity. Additional units with projected rents are: Unit 5 $1, 400/month, Unit 6 $1, 600/month (this unit is not a legal unit), Unit 7 $1, 100/month, Unit 8 $1, 000/month. This brings projected gross annual income to approximately $130, 800. Annual expenses include property taxes of $13, 309, insurance of $2, 500, water and sewer of $4, 500, garbage removal of $1, 586, and snow removal of $800, totaling approximately $22, 695 in yearly expenses. This results in a projected net income of approximately $108, 105. The building features in-unit laundry, and on-site parking. Located just steps from the hospital, and minutes to uptown Saint John, TD Station, restaurants, and amenities, this is a highly rentable area with consistent tenant demand. While the property would benefit from some TLC, the upside is clear. Whether you're looking to improve and stabilize, or hold long-term, this is a property where the numbers make sense with the right approach. (id:58753)Show Description
MLS® NumberNB135375
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
101 Carleton St, Saint John, NB

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