Mixed use commercial/multifamily property located in West Saint John, New Brunswick

PRICE $295,000

The ground floor is currently owner occupied and features commercial storefront with a floor plate of approximately 2,177 square feet. The second floor features three fully-rented apartments.

Owner has indicated they would consider signing a year lease for ground floor or could provide vacant possession. As a result, there is opportunity to occupy the ground floor and to take advantage of apartment income to help cover your operating costs. With a multitude of options, this is a great investment opportunity.

ZONING Mixed Commercial (CM)
LOT SIZE: 7,545 sf
TOTAL FLOORS: 2
COMMERCIAL UNIT: one 2,177 sq ft ground floor commercial unit
RESIDENTIAL UNITS: 2nd floor -1 Bachelor, 1 One-bedroom, 1 Three-Bedroom
PARKING: Rear parking lot for 5-7 vehicles. Current apartment tenants not using any spots.
YEAR BUILT: ~1930 – 1940
AVG. RENT PER UNIT: $650
PROFORMA NOI: $22,773
ASKING PRICE: $295,00

ALL INTERESTED PARTIES MUST SIGN CONFIDENTIALITY AGREEMENT

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