4-Plex For Sale in Saint John, NB

100 Main Street

$129,800

Affordable four unit property with water views!

4-Plex / House / Revenue Property For Sale in Saint John, NB - 7 bed, 4 bath4-Plex / House / Revenue Property For Sale in Saint John, NB - 7 bed, 4 bath4-Plex / House / Revenue Property For Sale in Saint John, NB - 7 bed, 4 bath

This seller is willing to negotiate commission with any real estate agent who brings an acceptable offer from a new qualified buyer that has not previously worked with the seller.

  • Description
  • Other Features
  • Map Location
  • Mortgage
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Property Description

Investors, great rental area in Saint John, New Brunswick! 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 six unit building sold for $450,000 ($75,000 per unit) in January 2021. This property is being sold at $32,450 per unit leaving the investor or flipper with a large margin to work with in this seller's market. Great opportunity for a multi-generational family or group of investors.

Google Street View does not accurately portray Main Street, which continues to gentrify. Please see the photos in the listing for 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. Proof of Funds required with all offers.

New Brunswick offers flexible rental terms allowing you to rent by the week, month or year, furnished or unfurnished.

For additional investor information regarding the property, four apartments, the city, neighborhood, and more photos, please click on the Seller's Private Website button above.

The website is best viewed using a laptop or desktop to easily access the menu and picture galleries. If you are using a smart phone or tablet, click on the icon in the top right hand corner to access the site's menu.

Other Features
Walkout
Map Location

Approximate Map Location*

100 Main Street, Saint John, New Brunswick, Canada   E2K 1H3

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* Each seller is responsible for ensuring that their map location is accurate. Please contact the seller directly if you have any questions.

This property for sale has been tagged by the seller as close to Fredericton, Kingston Peninsula, Moncton, Quispamsis, Rothesay, St. Andrews, St. Stephen, Sussex, New Brunswick.
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Contact Seller(s)
Seller Name:

Douglas Leipner

Phone:

514-814-0009

Send Email
Contact Seller(s)

Douglas Leipner

514-814-0009

Send Email
Location - Click to Expand
The Basics
  • Property Type: 4-Plex / House / Revenue Property
  • Ad Type: For Sale
  • Listing ID: 270185
Price: $129,800
Main Features
7 Bedrooms
4 Bathrooms
3,500
Square Feet
4000 square feet
Lot Size
2 Stories
Unspecified
Year Built
$789
Annual Taxes
Bathroom Types - Click to Expand
Parking
Street Parking