$6,599,000

House For Sale In Uptown, Saint John, New Brunswick

$6,599,000

Property Information:

In a booming real estate market and a growing population in Saint John, this property presents a great opportunity to consolidate your investments in a big way, under one roof. This property offers two apartment towers, each 5 stories, 13 units at 61 Union and 12 units at 63 Union, for a total of 25 units (24x2 bed, 1 bachelor), plus 104 parking spaces, 55 of which are indoor. Across the street, tenants can wander through the maze of indoor pedways, from the AquaticCenter to Brunswick Square, Market Square, TD Sports Center, City Market, etc, so who cares about a hard winter, while you enjoy city shopping and restaurants!!. Both towers have been completely remodeled in the last 10 years, along with new siding and modified roofs. Enjoy thespacious two bedroom units and stunning harbour views and cruise ships from several units. All appliances are currently owned by the seller and included in the sale price. Annual rent roll is around $690,000 and continually growing; Property tax $107 083; Utilities (including electricity, heat, water & sewage) $71,558; Insurance $23,100; Repairs and Maintenance (including garbage, lawncare and snow removal) $20,625; Management $27,381; With a net income ofapproximately 440k. Proof of financing may be required prior to viewing the property. First viewing will be limited to a couple of typical units. All info and measurements to be verified by purchaser prior to closing. See Video link>> https://vimeo.com/937769803

Building Features:

  • Garage: Yes
  • Total Finished Area: 27762 Square Feet

Property Features:

  • Built in: 1960
  • Driveway: Paved
  • Exterior: Brick, Vinyl
  • Flooring: Ceramic/Marble, Laminate, Wood
  • Foundation Basement: Concrete
  • Heating Cooling: Electric, Heat Pump, Natural Gas
  • Interior Features: Air Exchanger, Built-In Appliances, Elevator, Laundry Facilities
  • Property Size: Under 0.5 Acres
  • Roof: Membrane/Modified
  • Water Front Features: Water View
  • Water: Municipal

Courtesy of: CENTURY 21 ALL SEASONS REALTY

Data provided by: Greater Moncton REALTORS® du Grand Moncton 541 St. George Blvd., Moncton, New Brunswick E1E 2B6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved