239 Britain Street Saint John, New Brunswick E2L 2X2

$599,900

Accepted Offer. A rare opportunity to acquire two multi-unit residential buildings on a single PID, offering a total of seven rental units in a prime uptown Saint John location and where tenants pay their own utilities. Situated at the corner of Britain Street and Pitt Street bordering the Turnbull Nursing Home. Building 1 is a Corner Building (Britain/Pitt); This structure contains four units: 239, 241 and 243 Britain Street as well as 239 Pitt Street. Building 2 is a separate three-Unit building wholly on Pitt Street: 233, 235 and 237 Pitt Street. Strong Financial Performance: Gross Income: $89,160; Gross Expenses: $27,342; Net Operating Income: $61,818 equals an exceptional CAP Rate of just over 10%. This property is a well-configured, centrally located multi-unit package offering strong cash flow, operational efficiency with all units on one PID. A solid opportunity for investors seeking income, stability, and long-term growth in a high-demand rental market. (id:57497)

Property Details

MLS® Number	NB144277
Property Type	Multi-family

Building

Appliances	Refrigerator, Stove
Basement Type	Crawl Space
Exterior Finish	Vinyl
Flooring Type	Laminate, Hardwood
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Size Interior	7,000 Sqft
Total Finished Area	7000 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	4101
Size Total	4101 Sqft
Size Total Text	4101 Sqft

https://www.realtor.ca/real-estate/30144561/239-britain-street-saint-john