53 Newman Street, Saint John

$299,999

New Listing

0 Beds

0 Baths

2,624 Sqft

.12 Acres

Welcome to 53 Newman Street, a well maintained three unit building located just minutes from the city centre. This property has been owned by the same owner for many years and has seen numerous upgrades over time, including electrical, plumbing, roofing and more, offering buyers peace of mind. Each unit features baseboard electric heat with separate meters, making it an ideal setup for investors. The unfinished basement provides excellent future potential with the opportunity to create a fourth unit, subject to the necessary approvals. Current rents are well below market value, and Unit 1 is vacant, allowing a new owner the flexibility to set market rent or occupy the unit while improving the overall income potential. With a strong location, solid improvements already completed and clear upside, this property presents an excellent opportunity for investors looking to add value and grow their portfolio. Contact today for full details or to arrange a viewing. (id:6289)

Essential Information

Listing #NB131539

Price$299,999

Bathrooms0.00

Square Footage2,624

Acres0.12

TypeMulti-family

Sub-TypeFreehold

Community Information

Address53 Newman Street

CitySaint John

ProvinceNew Brunswick