101 Carleton ST, Saint John, NB, E2L 2Z2

MLS® # NB135375

House For Sale In Uptown, Saint John, New Brunswick

$1,050,000 QuickQuote^TM: Not Available

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101 Carleton ST, Saint John, NB, E2L 2Z2

$1,050,000

Property Information:

An opportunity with serious upside in the heart of Saint John’s City Centre. This multi-unit property at 101 Carleton Street is currently operating as a 7-unit building, with an additional unit already in place offering future potential (buyer to verify). The property features a strong unit mix, primarily 2-bedroom units, appealing to a wide range of tenants. Units 1-4 are currently rented. Rents are as follows: Unit 1 – $1,500/month, Unit 2 – $1,350/month, Unit 3 – $1,450/month, Unit 4 – $1,500/month. All tenants pay their own heat/electricity. Additional units with projected rents are: Unit 5 – $1,400/month, Unit 6 – $1,600/month (this unit is not a legal unit), Unit 7 – $1,100/month, Unit 8 – $1,000/month. This brings projected gross annual income to approximately $130,800. Annual expenses include property taxes of $13,309, insurance of $2,500, water and sewer of $4,500, garbage removal of $1,586, and snow removal of $800, totaling approximately $22,695 in yearly expenses. This results in a projected net income of approximately $108,105. The building features in-unit laundry, and on-site parking. Located just steps from the hospital, and minutes to uptown Saint John, TD Station, restaurants, and amenities, this is a highly rentable area with consistent tenant demand. While the property would benefit from some TLC, the upside is clear. Whether you're looking to improve and stabilize, or hold long-term, this is a property where the numbers make sense with the right approach.

Building Features:

Total Finished Area: 6682 Square Feet

Property Features:

Exterior: Brick, Vinyl
Flooring: Laminate, Vinyl
Heating Cooling: Natural Gas
Property Size: Under 0.5 Acres
Roof: Asphalt Shingle
Title To Land: Freehold
Water: Municipal

Courtesy of: RE/MAX Professionals

Data provided by: Greater Moncton REALTORS® du Grand Moncton 541 St. George Blvd., Moncton, New Brunswick E1E 2B6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

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Market Price Trends

Single family detached

4.86%

Price change (1 year)

73.06%

Price change (5 years)

All Properties

5.25%

Price change (1 year)

49.82%

Price change (5 years)

Location of 101 Carleton ST, Saint John, NB, E2L 2Z2

Lifestyle
Neighbourhood

Demographic Information of 101 Carleton ST, Saint John, NB, E2L 2Z2

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$69,966.37

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.92 %

High school certificate or equivalent

33.34 %

Apprenticeship trade certificate/diploma

5.45 %

College/non-university certificate

17.9 %

University certificate (below bachelor)

1.6 %

University Degree

21.8 %

Commuter

Travel To Work

By Car

51.25 %

By Public Transit

10.34 %

By Walking

33.58 %

By Bicycle

0.0 %

By Other Methods

4.83 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

87.97 %

Houses

12.03 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Sales/Price History

Market Price Trends

Single family detached

All Properties

Location of 101 Carleton ST, Saint John, NB, E2L 2Z2

Demographic Information of 101 Carleton ST, Saint John, NB, E2L 2Z2

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

101 Carleton ST, Saint John, NB, E2L 2Z2

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing