A wealth of potential in this uptown commercial building receiving a stable income from a couple of Saint Johns favourite spots. The ground floor is home to three leased commercial spaces generating $8700/month (you may know them as Java Moose, Juniper & Pub Down Under). Already constructed and available for occupancy; a stunning penthouse suite and a pair of two bedroom apartments that come with a total of 2 parking spaces. At the market rates this would bring in an additional $6400 a month. Currently Apt 3 is rented for $1650/month The real treasure lies on the 2nd & 3rd floors, which have been gutted to the studs, with submitted permits and detailed construction plans already in place. Originally these floors were designed to house 7 apartments on each floor. However the potential is unlimited for a savvy developer. With a consistent income of $15,100/month while creating new opportunities on the 2nd and 3rd floor represents a sound investment, Come explore the possibilities of this incredible uptown building and discover the potential for greatness. (id:6289)
RE/MAX PROFESSIONALS SAINT JOHN INC.