A well-positioned five-unit brick investment steps from historic Queen Square, in one of Saint John's most desirable uptown pockets walkable to uptown restaurants, galleries, the City Market, and the waterfront. The property is also just around the corner from the new school currently under construction, a development that could further support demand in the area. This property offers an investor the opportunity to add value through updated finishes over time, with the potential for improved rents as units turn over. One unit has recently been refreshed and updated, and is currently vacant offering a preview of what upgraded finishes could achieve elsewhere in the building, and the chance to set a new market rent right out of the gate. Units offer spacious layouts, with some featuring high ceilings, large windows and has a backyard a rare and appealing amenity for tenants in this uptown setting. 112 Queen delivers dependable performance today, with long-term investors well-positioned to benefit from future value growth. (id:4069)
Address
112 Queen Street
List Price
$499,900
Property Type
Multi-family
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Saint John
Floor Area
3,600 Sq. Ft.
Lot Size
316 Sq. Ft.
MLS® Number
NB147244
Listing Brokerage
Real Broker
Basement Area
Partial
Postal Code
E2L1S4
Ownership
Freehold
Appliances
Refrigerator, Stove
Heat Source
Electric
Heat Type
Baseboard heaters
Foundation Details
Concrete
Water Source
Municipal water
Sewer
Municipal sewage system
