A duplex and a 5-plex buildings with a total of 7 units, sitting on 1.3 acres of land; envision the possibilities with 57,543 sqft in a private country setting, minutes from uptown Saint John or from Rothesay/ Quispamsis and the Kennebecassis River; large green space from the hill down; apple trees, a small brook, fire pit; long term tenants called this place a Home. Laundry hookup in some units. Front Bldg 5-plex: Apt 1126 bottom front, 1 bedr, $772; Apt 1130 bottom rear, 1 bedr, $618; Apt 1128 2nd flr, 3 bedr, $1,081; Apt 1132 top front, 1 bedr, $1,095; Apt 1134 top rear, 1 bedr, $1,095; rear Bldg duplex: Apt 1136A top, 3 bedr, $1,081; Apt 1136B bottom, 3 bedr, $1,081; total rent $6,824/mo or $81,888/yr plus rent increases on 5 units next 6 months. With landlord paying for heat & lites for 6 units out of 7, the rents will have ample room to grow. Prop tax $9,380, Heat $17,571, Elec $4,797 Insur $2,251, garbage $1,916, fees for water availability $447 (property has own septic and well). A good exterior paint/ repairs job and couple units updating will propel these bldgs to next level; asking price reflects the needed improvements. All measurements are approximate and can be verified by the purchaser prior to closing. (id:4069)
Address
1126-1138 Rothesay Road
List Price
$549,000
Property Type
Multi-family
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Saint John
Floor Area
5,000 Sq. Ft.
Lot Size
57543 Sq. Ft.
Year Built
1960
MLS® Number
NB133986
Listing Brokerage
Century 21 All Seasons Realty
Postal Code
E2H2H8
Ownership
Freehold
Heat Source
Electric, Oil
Heat Type
Baseboard heaters, Hot Water
Foundation Details
Concrete
Water Source
Well
Sewer
Septic System
