An exceptional opportunity for investors or house hackers in the heart of Uptown Saint John! This well-positioned four-unit property offers a strong combination of existing income, rental upside, and a location tenants will love. Three units are currently rented at $950, $1,100, and $1,500 per month, while the fourth unit is vacant and ready for its next occupant, with an estimated market rent of approximately $1,700 per month. The vacant unit creates a fantastic opportunity for an owner-occupier looking to offset their mortgage, or for an investor to select their own tenant and immediately take advantage of current market rents. One of the biggest advantages of this property is its properly separated utilities. Each unit has its own electric meter, hot water tank, and electric baseboard heating, with tenants responsible for their own utilities. This setup helps keep operating expenses predictable and makes the property especially attractive from a cash-flow perspective. Three of the four units also feature private laundry. The location is hard to beat. Just steps from Germain Street, residents can walk to restaurants, bars, shops, the revitalized waterfront and boardwalk, and the many events and attractions Uptown Saint John has to offer. Adding even more value are four off-street parking spaces, a rare and highly desirable feature in this part of the city. With four units, separately metered utilities, off-street parking, strong existing rents, and the flexibility of a vacant unit, this is a compelling opportunity to add a well-located income property to your portfolio or start building one through house hacking. (id:4069)
Address
80 Duke Street
List Price
$619,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Saint John
Floor Area
6,300 Sq. Ft.
Lot Size
314 Sq. Ft.
MLS® Number
NB147377
Listing Brokerage
eXp Realty
Postal Code
E2L1N3
Ownership
Freehold
Appliances
Refrigerator, Microwave, Stove, Washer, Dishwasher, Dryer
Heat Source
Electric
Heat Type
Baseboard heaters, Heat Pump
Cooling Features
Heat Pump
Foundation Details
Concrete
Sewer
Municipal sewage system
