123 King Street, Saint John

$899,000

0 Beds

0 Baths

6,000 Sqft

.18 Acres

Discover a prime real estate investment in a highly coveted location. This property features six well-designed units, consisting of three 1-bedroom and three 2-bedroom apartments. It is strategically located near essential amenities, offering easy access to shopping, schools, and public transportation. Included is an adjacent lot, currently utilized for parking, with some spaces leased out for additional income. Next door, a brand-new playground provides an attractive amenity for potential tenants, particularly families. The building's aesthetic charm is evident with its timeless brick exterior, enhancing its curb appeal. Upper-floor units offer scenic views, adding to the property's allure. Ongoing updates and renovations have been undertaken over the years, ensuring the property remains competitive and appealing to tenants. Notably, some units are currently rented below market rates, presenting an opportunity for increased cash flow at unit turnover. This 6-unit building, in conjunction with the adjacent lot, presents a compelling investment opportunity in a high-demand location. Seize this opportunity to invest in prime real estate in a growing market. Contact today for more information or to schedule a viewing. (id:6289)

Essential Information

Listing #NB093546

Price$899,000

Bathrooms0.00

Square Footage6,000

Acres0.18

TypeMulti-family

Community Information

Address123 King Street

CitySaint John

ProvinceNew Brunswick

Postal CodeE2L1G8