Property Information:
Priced at a 6.5% CAP rate, this exceptional, fully leased triplex has been stripped to the frame and completely rebuilt, making it effectively a brand-new building in the heart of Uptown Saint John. The property features three fully renovated units consisting of two two bedroom units and one three bedroom unit, each offering spacious open-concept living areas, sizeable bedrooms, owned heat pumps, and private entrances. Tenants are responsible for their own heat and lights.The extensive renovation includes all-new insulation, drywall, subfloors, windows, doors, electrical, plumbing, and three 100-amp electrical panels. The building has been upgraded to meet the 2025 building code, with countless additional improvements throughout. A complete list of renovations and improvements is available upon request as well as complete construction drawings.This is a true turnkey investment opportunity with strong numbers, offering modern, high-quality units designed to provide tenants with an exceptional standard of living. Located just a minute’s walk from Queen Square and the Central Peninsula School which is currently under construction, and approximately five minutes from the heart of Uptown, the property combines high-quality rental units with an excellent location.
Building Features:
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Total Finished Area:
2700 Square Feet