4-Plex For Sale in Saint John, NB

Investors, great rental area! A quick drive down Main Street will bring your tenants to Market Square, The Boardwalk, King Street, and everything that Uptown has to offer. They can even walk on a nice day. This is one of the last residential multi-unit deals in this transforming part of Main Street. The building houses four units, including a 3-bedroom, 2-bedroom, 1-bedroom with bonus area, and another 1-bedroom apartment. Each apartment has its own electric meter. Water is metered. Units are spacious with modern, open layouts. The property is situated high and dry on top of a hill, but is not far from a waterfront park, Saint John Power Boat Club, and offers water views. It benefits from various updates, some newer windows, a handsome brick facade, and neighbourhood amenities, including an adjacent bus stop. With such a convenient location, the new owner could offer long or short term rentals (such as an airBnB). This property does need work and is being offered on an as is where is basis, but there is great potential here. The neighbouring building is offering 1-2 bedroom apartments at $750-$850+ per month with no heat or electricity included. Great opportunity for a large or multi-generational family or group of friends/investors. This property is zoned Urban Centre Residential (RC) giving the new owner lots of options, including single family use through a change of use permit if they do not wish to use it as a four unit rental.

Google Street View does not accurately portray Main Street, which continues to gentrify. Please see the photos in the listing for the pleasing current street views of this block of Main Street. Vendor-backed financing or rent-to-own will not be considered. Four fridges and four stoves are included with the sale. Buyer to verify all information prior to closing. Please click on the seller's private website link for much more information and additional photos of this property.