342 Duke ST, Saint John, NB, E2M 2C6

Property Information:

This well-maintained 3-unit property, owned and cared for by the same owner for decades, presents significant investment potential. The main building features two 2-bedroom, 1-bathroom apartments above a large, vacant space with washroom facilities, previously used as a convenience store. Additionally, there is a two-level, 2-bedroom (non-conforming), 1-bathroom apartment attached to the side of the building. Building has 4 meters. The basement is an impressive space, offering ample storage and a potential office area, and its clean and dry condition further attests to the building’s meticulous upkeep. The modified membrane roof, replaced approximately ten years ago, appears to be in excellent condition. Each upper unit has its own heat pump, with an oil heating system as backup, though it hasn’t been used in 2-3 years. Addition unit is heated by baseboard electric. All units are equipped with washer/dryer hookups. The building’s solid structure offers a strong foundation for upgrades. Current rents are well below market value at $500 and $600 for the upper units, and $500 for the apartment addition, with tenants responsible for utilities. Annual income: $19200, Water/Sewage $1286, Taxes $4,731. All measurements and information to be verified by the buyer.