421 Douglas Avenue
Saint John, New Brunswick E2k1e9
MLS® Number: NB088713

Income producing 6-unit building on historic Douglas Ave with riverfront and many waterviews! Possible 7th unit on the street level that was originally a store, city approval, permits are responsibility of purchaser. Property is located across from the Harbour Passage access point, overlooking Reversing Falls. Convenient location on main bus routes, easily accessible to major amenities. Units are all 1-bedroom layouts, 5 out of 6 units updated within last two years. No vacancy as of July 1. Rents as follows: $900, 850,1050, 925, 648.75, 895. Monthly net profit of $2347. Recent upgrades include new high efficiency gas boiler (Sept 2022), New 200 amp main breaker panel and 100 amp individual subpanels in each apartment, an additional 100 amp panel was added for the hot water tanks (2022). Plumbing upgrades to 5 bathrooms, some basement plumbing updated to PEX. Roof was patched by previous owner before 2019 and no issues. Included in the purchase is a Mircom analog fire system complete with a fire panel, annunciator and all accessories, ready to install by purchaser if they choose to. New keyed apartment mail boxes which includes a lockbox for Canada Post building access installed (2022). New front entrance door with custom address plaque and hardware (2022). All measurements and information to be verified by the purchaser prior to closing. (id:34572)

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Property Summary

  • Bedrooms N/A
  • Bathrooms N/A
  • Architectural Style N/A
  • Property Type Multi-family
  • Square Footage N/A
  • Total Finished Area 3000 sqft
  • Built In N/A
  • Exterior Finish Vinyl, Wood
  • Heating Natural gas Hot Water
  • Title N/A
  • Rental Equipment Water Heater
  • Basement Type N/A
  • Parking Type Garage
  • Features N/A
  • Flooring Carpeted, Ceramic, Laminate
  • Type N/A

Land Properties

  • Lot Size 10398 sqft
  • Access Type N/A
  • Water Municipal water
  • Features N/A
  • Sewer N/A

Property Map