242 Germain Street
Saint John, New Brunswick E2l2g6
MLS® Number: NB123330
2700 sqft sq ft
Solid, well-maintained brick triplex on a sunny corner lot in Saint Johns vibrant uptown core. Located on prestigious Germain Street, just steps from Queen Square Market, restaurants, and shops, this turn-key investment combines strong income with low maintenance. All three units are self-contained with private laundry. Tenants pay their own heat and lights. The building includes a separate water meter and one rare off-street parking space. The master unit features a heat pump and a modern kitchen with stainless appliances and a dishwasher. Large corner windows bring in excellent natural light. The top unit is rented at $1,300 per month plus utilities. The middle unit is currently rented at $1,400/month plus utilities. The bottom unit is currently rented at $1,750/month plus utilities. 2024 actual expenses total $13,292.18 (insurance $1,621; water/sewer $1,727.76; electricity $2,318; property tax $7,624.59). Total income is $53,400 annually, with a net operating income of $40,107. A prime location and a strong investmentideal for both owner-occupiers and long-term buy-and-hold investors. Vendor is a licensed REALTOR® in the province of New Brunswick. (id:34572)
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