$239,900

81-83 Adelaide Street
Saint John, New Brunswick E2k1w6
MLS Number: NB052264

INVESTOR ALERT!! THIS ONE HAS BEEN APPROVED FOR A $60,000 FORGIVEABLE GOVERNMENT GRANT. Shall the buyer wish to continue on with the program the process has already been approved, the application for new buyer will be pretty simple. This building had a ton of renovations 5 years ago, new roof, windows, siding, doors and more. This property is subject to rent control at the moment. However, that can be changed as well. Purchase the property and run it the way you want OR take advantage of the program. There is 1 four bedroom unit, 1 three bedroom, 2 two bedroom and a bachelor unit. Washer and dryer hook ups in each unit. Building is easy to rent and currently fully occupied. Rents are $850, $805, $450, $625, $525 total of $39060 per year. Expenses are Taxes $3866, Water $3300, Oil $7323 and hydro $9000 ( this can be put back on tenants ). Total of $25823. (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 3200 sqft
  • Built In N/A
  • Exterior Finish Vinyl
  • Heating Oil Baseboard heaters
  • Title N/A
  • Rental Equipment Water Heater
  • Basement Type N/A
  • Parking Type Garage
  • Features N/A
  • Flooring N/A
  • Type N/A

Land Properties

  • Lot Size 2500 sqft|under 1/2 acre
  • Access Type N/A
  • Water N/A
  • Features N/A
  • Sewer Municipal sewage system

Property Map