Substantially renovated inside and out, this charming 1920s 3-unit property is ideal for investors seeking high income and a property in great condition. Currently offered at 7% CAP. The top two units retain original period character with modern updates for comfort and style. The lower unit, (131 Carmarthen) built in the past four years, has contemporary finishes, just like new. The top suite (194 Duke) has three spacious bedrooms, while the other two units offer two bedrooms each. All units include new kitchens and bathrooms, ample storage, and abundant windows for bright, airy living spaces. Located just four blocks from Uptown Saint Johns amenitiesshops, restaurants, entertainmentand close to schools and public transit. Recent upgrades (circa 2020) include new plumbing, electrical, windows, exterior siding, and heating systems for peace of mind. Tenants pay all utilities, minimizing owner costs. All units are leased to reliable, stable tenants. This turnkey property stands out as a smart investment with strong financials. Consider this as a great first time investment or add to your existing portfolio. (id:47421)
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Detailed Information
Location Description
Corner of Carmarthen and Duke, Uptown Saint John
Municipal ID
00004713
Ownership Type
Freehold
Property Type
Multi-family
Transaction Type
For sale
Building
Appliances
Refrigerator, Microwave, Stove, Washer, Dryer
Basement Development
Finished
Basement Features
Walk out
Basement Type
Full (Finished)
Constructed Date
2023
Exterior Finish
Vinyl
Flooring Type
Laminate, Hardwood, Wood
Foundation Type
Concrete
Heating Fuel
Electric
Heating Type
Baseboard heaters
Stories Total
3
Total Finished Area
4000 sqft
Type
Triplex
Utility Water
Municipal water
Land
Total Size
152 square meters
Sewer
Municipal sewage system
Size of Irregular Land
152
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