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30 Cedar St, Saint John, NB

Name: 30 Cedar St, For Sale in Saint John - Zoocasa
Brand: Easy List Realty
SKU: NB142185
Price: 695000 CAD

House

For Sale

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000

MLS® NB142185

Overview

Key Facts

Type

Levels Residential Income

Size 3886 sqft

Garage

Taxes $3,562

Days Active 34

Lot Size 7714 SF

Approx. Age

Avg. Price Per Sqft $178

MLS® Number NB142185

Property Address: 30 Cedar St, Saint John, NB, E2K1C7

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

Description

*** 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:58753)Show Description

MLS® NumberNB142185

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

HeatBaseboard heaters, Electric

A/C

Extras

Map

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