105 Victoria Street,Saint John, NB E2K1L5
Saint John, NB E2K1L5
Description
INVESTMENT OPPORTUNITY with strong existing income and significant value-add potential! 105 Victoria Street is an income-producing triplex offering a return approaching a 10% cap rate based on current operating figures. All three units are occupied by long-term tenants on month-to-month rental agreements, providing established rental income from day one. Currently configured as two 2-bedroom units and one 1-bedroom unit, the property offers an exciting opportunity for investors to explore conversion to as many as 5 units through renovations and required municipal approvals. Unlock additional rental potential and further maximize the building's long-term performance. Operating costs have been well managed. Heating costs were less than approximately $5,000 last year, municipal water is metered, tenants pay their own electricity, and there is no rental equipment. Two units also have their own laundry. The building features a tar-and-gravel flat roof. Conveniently located on a bus route and close to an elementary school, Shamrock Park, grocery stores, restaurants and everyday amenities. Two off-street parking spaces are available, along with additional street parking nearby. Whether you're looking for established rental income today or a value-add opportunity for tomorrow, call your REALTOR® today to unlock the potential of this real estate investment! Please note: Showing requests require advance notice, as 2448 hours' notice must be provided to all tenants. (id:13843)
Details
| MLS # | NB148012 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 30 |
| Listing Provided By | EXIT Realty Specialists | Li Song |
Features
| SQ Feet | 2,080 |
|---|---|
| Basement | Y |
| Units | 3 |
| Acreage | 0.06 |
Interior
| Heating | Oil |
|---|---|
| Appliances | Refrigerator, Stove |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Wood, Concrete |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 1437.36 |
|---|
Area Information
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2K1L5 |
| Listing VS Median (in E2K1L5) | |
Price: $229,900 low | high Med: $229,900 sqft: 2,080 low | high Med: 2,080 $ / sqft: $111 low | high Med: $111 On site: 30 low | high Med: 30 | |
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Learn More About This Property
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2K1L5 |
| Listing VS Median (in E2K1L5) | |
Price: $229,900 low | high Med: $229,900 sqft: 2,080 low | high Med: 2,080 $ / sqft: $111 low | high Med: $111 On site: 30 low | high Med: 30 | |
