79 Mecklenburg Street
Saint John, New Brunswick E2l1p9
MLS® Number: NB127285
4700 sqft sq ft
Seize the opportunity to own a prime multi-unit property nestled in the heart of a vibrant uptown neighbourhood. This five-unit building presents an exceptional prospect for the discerning investor with a vision for redevelopment and value enhancement. Boasting a unique mix of units, two are relatively untouched by a previous incident. An additional unit, with moderate damage, is ripe for a refurbishment that could swiftly add to its market appeal. The remaining two units provide a blank canvas, necessitating a complete rebuild; this allows for creative freedom in design and modernisation, tailored to meet the exacting demands of future tenants. Investing in this property is not merely about restoring its structureit's an opportunity to redefine it. With the scope to bring all units up to current market rents once renovations are complete, the financial upside is clear and compelling. The chance to revitalise this asset within the market could set the stage for significant returns. The potential to contribute to the area's redevelopment while securing a foothold in an up-and-coming precinct is an attractive proposition for the right investor. This is more than a purchase; it's a project that promises to deliver both community value and profitable yields. We invite you to explore the potential and envision the future of this compelling investment opportunity. (id:34572)
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)