A rare opportunity to own an exceptionally handsome circa-1871 red-brick Georgian-style building on one of Uptowns most distinguished ceremonial blocks. Set just steps from major Uptown employers, amenities, and the walkable historic core, this fully leased four-unit property blends period character with refreshed interiors and strong income appeal for investorsor for an owner-occupier seeking a signature downtown address with built-in revenue. The top floor offers a spacious three-bedroom, full-floor apartment; the main level includes two one-bedroom apartments; and the lower full level features a two-bedroom unit. Each residence has its own private laundry facilities, and the large rear yard provides surface parking with one dedicated space per tenant. The property is fully occupied and leased, with approximate annual net cash income/EBITA of $43,000. Current rents are: Unit 01, two-bedroom, $1,400; Unit 02, one-bedroom, $1,230; Unit 03, one-bedroom, $1,180; and Unit 04, three-bedroom, $1,900. Tenants pay their own electricity, including heat and lights, and parking is included for each unit. Full financials are available upon request. Twenty-four hours notice is required for showings. (id:4069)
Address
29 Wellington Row
List Price
$689,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Saint John
Floor Area
4,800 Sq. Ft.
Lot Size
5005 Ac.
MLS® Number
NB142764
Listing Brokerage
SUTTON GROUP AURORA REALTY LTD.
Basement Area
Full (Finished)
Postal Code
E2L3H4
Ownership
Freehold
Appliances
Refrigerator, Stove, Washer, Dryer
Heat Source
Electric
Heat Type
Baseboard heaters, Heat Pump
Cooling Features
Heat Pump
Foundation Details
Stone
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Municipal sewage system
