Saint John, NB E2L1S7 164 Queen Street

Turnkey 3 unit apartment building in Uptown Saint John. Each floor of this unique brick building features one large one bedroom unit that is fully furnished and move-in ready, giving you the flexibility to offer long or short term rentals, or to operate as an Airbnb to maximize your revenue possibilities. One unit is currently rented at $1900/month (utilities included) while the other 2 units are operated as Airbnb but with limited availability. Each unit has its own meter and all units have been recently renovated to offer open design, high ceilings, spacious kitchens, hardwood floors, newer appliances and all newer furnishings. Two units feature in-suite laundry. Two of the units can be offered vacant upon closing allowing you to decide how to operate your investment, with the potential to also be rented long term at around $1900/month each. You could easily choose to live in one unit (or keep it as a furnished vacation home) and cover most of your expenses by renting the other two. This property also features off street parking, the potential to add a 4th unit in the basement and can have all tenants pay their own utilities. 164 Queen St offers a great location, walkable to anywhere Uptown, a wonderful investment for the future in this growing city centre and potential cap rate of 10% or more depending on how hands-on you want to be. Don't overlook this rare opportunity, call today. (id:7434)