61-63 Union Street Active

Saint John,NB E2L1A2

$ 6599000

- Bed

- Bath

0 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID NB108707

Originating Board New Brunswick Real Estate Board

Year Built 1960

Lot Size 0.558 Acres

Acres 24315.0

Property Description

In a booming real estate market and a growing population in Saint John, this property presents a great opportunity to consolidate your investments in a big way, under one roof. This property offers two apartment towers, each 5 stories, 13 units at 61 Union and 12 units at 63 Union, for a total of 25 units (24x2 bed, 1 bachelor), plus 104 parking spaces, 55 of which are indoor. Across the street, tenants can wander through the maze of indoor pedways, from the Aquatic Center to Brunswick Square, Market Square, TD Sports Center, City Market, etc, so who cares about a hard winter, while you enjoy city shopping and restaurants!!. Both towers have been completely remodeled in the last 10 years, along with new siding and modified roofs. Enjoy the spacious two bedroom units and stunning harbour views and cruise ships from several units. All appliances are currently owned by the seller and included in the sale price. Annual rent roll is around $690,000 and continually growing; Property tax $107 083; Utilities (including electricity, heat, water & sewage) $71,558; Insurance $23,100; Repairs and Maintenance (including garbage, lawncare and snow removal) $20,625; Management $27,381; With a net income of approximately 440k. Proof of financing may be required prior to viewing the property. First viewing will be limited to a couple of typical units. All info and measurements to be verified by purchaser prior to closing. See Video link>> https://vimeo.com/937769803 (id:24570)

Location

Province NB

Interior

Heating Heat Pump,,

Cooling Heat Pump

Flooring Ceramic,Laminate,Wood

Exterior

Garage No

Waterfront No

View Y/N No

Private Pool No

Building

Story 5

Sewer Municipal sewage system

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