$1,350,000

1-3 Charlotte Street
Saint John, New Brunswick E2l2h3
MLS® Number: NB067873

This could be the perfect investment property you are looking for! Located on the corner of Charlotte St and Union St, great location of uptown Saint John. This 3 story brick COMMERCIAL building, circa 1867, half of the building rebuilt and renovation completed in 2019, with a lot more refurbishments in 2021(spent $42,000), strategically located in the City Center on a prominent high traffic corner lot, just a block from Saint Johns famous City Market, undoubtedly one of this Citys best tourist attractions, & within walking distance to the North of Union project, waterfront developments & the Uptown pedway system. The first floor is now rented as a Gallery with a five-year lease for $3,200 plus HST and 25% of property tax. Above two-story are residential units, which include: 2 two-bed units each with lease rate $1,600, another two-bed unit occupied by the owner and with potential $1,500 or above, 1 one-bed unit with $1,100. The income is (1600+1600+1500+1100+3507.8)=9307.84(monthly). The tenants pay their own utilities. And cost include: Heating+ Electricity roughly $1,200.00, Water/Sewer $1,129.22 Taxes $14,776.30 (2021) Insurance $4,837.00; Garbage and Misc: $1,320.00 Each unit has its own electric panel, its own rented heat pump. Two separate entrances with fire-proof doors. Hot water tanks are owned by the owner. 3-pc bath/laundry room in every unit. Public Parking, Public Transportation, Shopping Nearby. (id:34572)


Loading, please wait...

Property Summary

  • Bedrooms N/A
  • Bathrooms N/A
  • Architectural Style N/A
  • Property Type Multi-family
  • Square Footage N/A
  • Total Finished Area 4620 sqft
  • Built In 1867
  • Exterior Finish Brick
  • Heating Electric Baseboard heaters, Heat Pump
  • Title N/A
  • Rental Equipment N/A
  • Basement Type N/A
  • Parking Type Garage
  • Features N/A
  • Flooring N/A
  • Type Fourplex

Land Properties

  • Lot Size 2520 sqft
  • Access Type Year-round access
  • Water Municipal water
  • Features N/A
  • Sewer Municipal sewage system

Property Map