Strong income and modern construction come together in this fully rented three-unit building built in 2024. With newer construction and minimal maintenance expected for years to come, this property offers a solid addition to any investment portfolio. All three units are rented at $1,800 per month with tenants paying their own utilities, providing stable income and a strong cap rate. Tenants are on one-year leases, offering reliability while still allowing flexibility to increase rents this year as market conditions allow. Each unit features two bedrooms, an open-concept kitchen and living area, private balcony, and the convenience of in-unit laundry with washer and dryer. The property also offers off-street parking for six vehicles, an important feature for tenants and long-term rental appeal. For buyers looking to enter the market, this property also provides the option of owner-occupied investing, allowing you to live in one unit while the others generate income. With strong rental demand and zero vacancy, this is a solid turn-key opportunity. Conveniently located close to shopping, restaurants, public transit, and quick highway access for commuting. (id:4069)
Address
30 Saint Catherine Street
List Price
$749,900
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Saint John
Floor Area
3,100 Sq. Ft.
Lot Size
3896.54 Sq. Ft.
Year Built
2024
MLS® Number
NB147789
Listing Brokerage
EXIT Realty Specialists
Basement Area
None
Postal Code
E2J2J2
Ownership
Freehold
Appliances
Refrigerator, Stove, Washer, Dishwasher, Dryer
Heat Source
Electric
Heat Type
Baseboard heaters
Foundation Details
Concrete
Water Source
Municipal water
Sewer
Municipal sewage system
