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$ 6,599,000
Est. payment | /mo
0.56 Acres Lot
$ 6,599,000
Est. payment | /mo
0.56 Acres Lot
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. (id:24570)
Location
Province NB
Interior
Heating Heat Pump, ,
Cooling Heat Pump
Flooring Ceramic, Laminate, Wood
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 5
Sewer Municipal sewage system
Listed by CENTURY 21 ALL SEASONS REALTY