298-300 Princess Street, Saint John
$624,900 - 4,040 Sf
MLS® # NB118802
eXp Realty
242 Germain Street, Saint John
$579,900
0 Beds
0 Baths
2,700 Sqft
.03 Acres
Solid, well-maintained brick triplex on a sunny corner lot in Saint Johns vibrant uptown core. Located on prestigious Germain Street, just steps from Queen Square Market, restaurants, and shops, this turn-key investment combines strong income with low maintenance. All three units are self-contained with private laundry. Tenants pay their own heat and lights. The building includes a separate water meter and one rare off-street parking space. The master unit features a heat pump and a modern kitchen with stainless appliances and a dishwasher. Large corner windows bring in excellent natural light. The top and bottom units will be delivered vacant. The top unit was previously rented at $1,400/month plus utilities. The middle unit is currently rented at $1,400/month plus utilities. The bottom unit was previously rented at $1,850/month plus utilities. 2024 actual expenses total $13,292.18 (insurance $1,621; water/sewer $1,727.76; electricity $2,318; property tax $7,624.59). Total income at market rents is $55,800 annually, with a net operating income of $42,507representing a cap rate of approximately 7.33%. A prime location and a strong investmentideal for both owner-occupiers and long-term buy-and-hold investors. Vendor is a licensed REALTOR® in the province of New Brunswick. (id:6289)
Essential Information
Listing #NB123330
Price$579,900
Bathrooms0.00
Square Footage2,700
Acres0.03
Year Built1901
TypeMulti-family
Sub-TypeFreehold
Community Information
Address242 Germain Street
CitySaint John
ProvinceNew Brunswick
Postal CodeE2L2G6
Interior
CoolingHeat Pump
# of Stories3
Appliances
Refrigerator, Microwave, Stove, Washer, Dishwasher, Dryer
Heating
Electric Baseboard heaters, Heat Pump
Exterior
ExteriorBrick
FoundationConcrete
Listing Details
OfficeeXp Realty
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