A duplex and a 5-plex buildings with a total of 7 units, sitting on 1.3 acres of land; envision the possibilities with 57,543 sqft in a private country setting, minutes from uptown Saint John or from Rothesay/ Quispamsis and the Kennebecassis River; large green space from the hill down; apple trees, a small brook, fire pit; long term tenants called this place a Home. Laundry hookup in some units. Front Bldg 5-plex: Apt 1126 bottom front, 1 bedr, $772; Apt 1130 bottom rear, 1 bedr, $618; Apt 1128 2nd flr, 3 bedr, $1,081; Apt 1132 top front, 1 bedr, $1,095; Apt 1134 top rear, 1 bedr, $1,095; rear Bldg duplex: Apt 1136A top, 3 bedr, $1,081; Apt 1136B bottom, 3 bedr, $1,081; total rent $6,824/mo or $81,888/yr plus rent increases on 5 units next 6 months. With landlord paying for heat & lites for 6 units out of 7, the rents will have ample room to grow. Prop tax $9,380, Heat $17,571, Elec $4,797 Insur $2,251, garbage $1,916, fees for water availability $447 (property has own septic and well). A good exterior paint/ repairs job and couple units updating will propel these bldgs to next level; asking price reflects the needed improvements. All measurements are approximate and can be verified by the purchaser prior to closing. (id:47421)
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Detailed Information
Equipment
Water Heater
Location Description
Rothesay Ave to Rothesay Road
Municipal ID
297465
Ownership Type
Freehold
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Building
Constructed Date
1960
Exterior Finish
Wood
Flooring Type
Carpeted, Ceramic, Vinyl, Wood
Foundation Type
Concrete
Heating Fuel
Electric, Oil
Heating Type
Baseboard heaters, Hot Water
Total Finished Area
5000 sqft
Utility Water
Well
Land
Total Size
57543 square feet
Acreage
Yes
Sewer
Septic System
Size of Irregular Land
57543
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