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61-63 Union Street Saint John, New Brunswick E2L 1A2

Heat Pump Heat Pump

$6,599,000

In a booming real estate market and a growing population in Saint John, this property presents a great opportunity to consolidate your investments in a big way, under one roof. This property offers two apartment towers, each 5 stories, 13 units at 61 Union and 12 units at 63 Union, for a total of 25 units (24x2 bed, 1 bachelor), plus 104 parking spaces, 55 of which are indoor. Across the street, tenants can wander through the maze of indoor pedways, from the Aquatic Center to Brunswick Square, Market Square, TD Sports Center, City Market, etc, so who cares about a hard winter, while you enjoy city shopping and restaurants!!. Both towers have been completely remodeled in the last 10 years, along with new siding and modified roofs. Enjoy the spacious two bedroom units and stunning harbour views and cruise ships from several units. All appliances are currently owned by the seller and included in the sale price. Annual rent roll is around $690,000 and continually growing; Property tax $107 083; Utilities (including electricity, heat, water & sewage) $71,558; Insurance $23,100; Repairs and Maintenance (including garbage, lawncare and snow removal) $20,625; Management $27,381; With a net income of approximately 440k. Proof of financing may be required prior to viewing the property. First viewing will be limited to a couple of typical units. All info and measurements to be verified by purchaser prior to closing. See Video link>> https://vimeo.com/937769803 (id:35613)

Property Details

MLS® Number NB108707
Property Type Multi-family
Equipment Type None
Rental Equipment Type None

Building

Constructed Date 1960
Cooling Type Heat Pump
Exterior Finish Brick, Vinyl
Fire Protection Monitored Alarm, Smoke Detectors, Sprinkler System-fire
Flooring Type Ceramic, Laminate, Wood
Foundation Type Concrete
Heating Fuel Electric, Natural Gas
Heating Type Heat Pump
Stories Total 5
Total Finished Area 27762 Sqft
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 24315
Size Total 24315 Sqft
Size Total Text 24315 Sqft

https://www.realtor.ca/real-estate/27605613/61-63-union-street-saint-john