290 King St W, Saint John, NB E5K3W7
Key Facts
Description
This 6 Unit will give any investor a Great opportunity to expand your portfolio. This property is located on the West side of Saint Jonn, next door to the Fire Station, a Tim Hortons, just across the street, and giving access to the highway. This building has gone through extensive renovation on the inside, with all new electrical installed throughout, top to bottom including upgrades to the mast. All Units have owned tankless water heaters, keeping expenses down! Some units are rented below market value, and could be increased. Electric baseboard heating.. all tenants pay their own heat and lights & hot water. There is ample off st. parking, with on street parking as well. The building consists of 2-1 bedrooms, 3-2 bedrooms- 1-3 bedrooms. Rents are as follows:Unit 1= $1,395 per month, Unit 2= $995 , Unit 3= $1,045 , Unit 4= $995 , Unit 5= $1,325 & Unit 6= $1,295 This property shows a cap rate of 7.7% with financials provided. (id:31684)
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Living Area
6,200 sq ft
Ownership
Freehold
Listing #
NB137153
Property Features
Heating
Flooring
Sewer
Affordability Calculator
$159,980
Estimated monthly payment
$4,257/mo
Principal $639,920 · Est. interest $892,745 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Saint John, NB
- CA$342,500
- Median Listing Price
- 51
- Median Days on Market
- 1,920
- Median Sq Ft
- CA$193
- Median Price / Sq Ft
- 448
- Active Listings
- This home’s price is 134% above the area median.
- Its price per sq ft is 33% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Saint John, NB.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 219 Germain Street, Saint John, NB | CA$575,000 | 6 | 3 | 3,300 |
| 1126-1138 Rothesay Road, Saint John, NB | CA$575,000 | — | — | 5,000 |
| 219 Germain Street, Saint John, NB | CA$575,000 | — | — | 3,300 |
| 115 Prince William Street Unit# 302, Saint John, NB | CA$579,000 | 2 | 3 | 1,445 |
| 458 Summer Street, Saint John, NB | CA$579,000 | 6 | 2 | 2,330 |
| 304 Saint-Ignace, Saint-Louis-De-Kent, NB | CA$579,900 | 4 | 2 | 2,964 |
Moving Cost Estimate
Listing Courtesy: EXIT Realty Specialists
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