239 Britain Street, Saint John
239 Britain Street, Saint John
Property details
- Building area
- 7,000 sq ft
- Lot size
- 4,101 sq ft
- Units
- 7
- Annual taxes
- $8,022/yr
Description
A rare opportunity to acquire two multi-unit residential buildings on a single PID, offering a total of seven rental units in a prime uptown Saint John location and where tenants pay their own utilities. Situated at the corner of Britain Street and Pitt Street bordering the Turnbull Nursing Home. Building 1 is a Corner Building (Britain/Pitt); This structure contains four units: 239, 241 and 243 Britain Street as well as 239 Pitt Street. Building 2 is a separate three-Unit building wholly on Pitt Street: 233, 235 and 237 Pitt Street. Strong Financial Performance: Gross Income: $89,160; Gross Expenses: $27,342; Net Operating Income: $61,818 equals an exceptional CAP Rate of just over 10%. This property is a well-configured, centrally located multi-unit package offering strong cash flow, operational efficiency with all units on one PID. A solid opportunity for investors seeking income, stability, and long-term growth in a high-demand rental market.
Location
239 Britain Street, Saint John
Demographics, trade-area scores, comparable sales, and price history for this property — with Premium.
Listing courtesy of Royal LePage Atlantic. Data via Saint John REALTOR® board.
Listing courtesy of Royal LePage Atlantic, Saint John board. Data provided under the NB REALTOR® RETS agreement.
