Property Description

An opportunity for investors who like the BRRR ( Buy-Renovate-Rent-Refinance ) or those looking to take on a renovation project! Located at 171-173 St. James Street in Saint John, this six-unit building offers plenty of potential for someone willing to put in the work. This property requires an update with all new flooring, kitchen cabinets, bathrooms. There was a lot of updates done in 1997, including Insulation, Plumbing, wiring, Sheet Rock, and fire escape. The floor plan of the units are great and bedrooms are good sizes. Fire Escape was built around 15 years ago and still in good condition. And with the New School going up 1 block away this is in a fantastic rental area and you are sure to be full. The property consists of three one-bedroom units and three two-bedroom units, with approximately 5,350 square feet of finished space. Conveniently located near Uptown Saint John, with easy access to shopping, restaurants, and other amenities. With six units already in place, there is an opportunity to upgrade a few things and improve the property and value. This is a great opportunity for anyone looking to do the BRRR Bring your ideas and see what this property could become! Water/Sewage approx: $2000, Insurance Approx: 1900, Power Bill $1300. (id:7434)