Property Details
49 Quinton Avenue, Saint John, New Brunswick, E2M5L7
$1,400,000 - For sale
INVESTMENT ALERT!! Here is your chance to own a 10 Unit Apartment building in probably the most desirable area of Saint John West. This building is an ICON of the Westside and tucked away in a residential neighbourhood. With the City Transits New Flex System in place this is a great home for tenants without vehicles. There is currently a 4 bay garage (dirt floor), and 3 lots total adding to the investment. There are some long term tenants and some newer ones. Building has a new Roof and Propane Furnace. The building consist of 8 One bedroom plus den units these can be used as a second smaller bedroom as well and 2 Three bedroom units on the Top Floor. Current Rent Roll is 1+Den units = $650,$1200,$1035,$790,$1035,$1200,$790,$1250 ( As you can tell there is room for increases). 3 Bedroom units = $1400,$2000 with a total Rent Roll currently at $136,200 / YEAR, plus $2200 in laundry income... If all units were at Market Rents Revenue could be $165,400. Operating Expenses are Property Tax $13,725, Insurance $5292, Electricity $3730, Garbage $3105, Snow Removal $1100, Water/Sewage $2877, Heat $13,773. Total Operating Expenses =$43,602 with a NET of $94,798. Extra Large Lot could potential be used for future development. (id:2471)
- Property Address:49 Quinton Avenue, Saint John, New Brunswick, E2M5L7
- Property Type:Multi-family
- Lot Size:18000 sqft
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Access:Year-round access
- Total Finished Area:6000 sqft
- Heating Type:Propane, Forced air
- Storeys:3
- Flooring:Hardwood
- Basement Type:Full
- Foundation Type:Concrete
- Appliances Included:Refrigerator, Stove, Washer, Dryer
- Rental Equipment:None
- Exterior Type:Vinyl, Wood
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- Map 49 Quinton Avenue, Saint John, New Brunswick, E2M5L7
- Neighbourhood Information
49 Quinton Avenue, Saint John, New Brunswick, E2M5L7
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