38-40 Cliff Street Saint John, New Brunswick E2L 3A7

$698,500

Dont miss this exceptional opportunity to own a fully rented 5-unit income property in the heart of uptown Saint John. This well-maintained building features a strong unit mix with two 1-bedroom units, two 3-bedroom units, and one fully furnished bachelor unitideal for both long-term and short-term rental strategies. Unit Breakdown: Unit 1: 1-bedroom with spacious living room, full kitchen, bath, and private deck. Unit 2: Fully furnished bachelor with recent updates including new kitchen, bath, and flooringperfect for short-term rentals. Unit 3: 3-bedroom with large living area, eat-in kitchen, full bath, laundry, and storage. Unit 4: 3-bedroom upper-level unit with oversized primary bedroom, full bath, eat-in kitchen, in-unit laundry, and ample storage. Unit 5: 1-bedroom with generous living space, eat-in kitchen, full bath, and storage. Please note, unit 2 fully furnished, This unit has been recently vacant. Rental income for this unit was $1200 per month. Total rental income was $69,600 per year. Leaving a net income of $54,007.78. Unit will remain vacant during the sale. Property Highlights: Prime uptown location within walking distance to all amenities Off-street parking included Excellent income potential with strong rental history Flexible configuration ideal for diversified investment portfolio Whether youre expanding your portfolio or entering the market, this turnkey property offers excellent value and versatility. (id:50541)

Property Details

MLS® Number	NB116369
Property Type	Multi-family

Building

Exterior Finish	Vinyl
Flooring Type	Laminate, Tile, Hardwood
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Total Finished Area	3600 Sqft
Utility Water	Municipal Water

Land

Access Type	Year-round Access
Acreage	No
Sewer	Municipal Sewage System
Size Irregular	4003
Size Total	4003 Sqft
Size Total Text	4003 Sqft

https://www.realtor.ca/real-estate/28197638/38-40-cliff-street-saint-john