105 Victoria Street

About this home

INVESTMENT OPPORTUNITY with strong existing income and significant value-add potential! 105 Victoria Street is an income-producing triplex offering a return approaching a 10% cap rate based on current operating figures. All three units are occupied by long-term tenants on month-to-month rental agreements, providing established rental income from day one. Currently configured as two 2-bedroom units and one 1-bedroom unit, the property offers an exciting opportunity for investors to explore conversion to as many as 5 units through renovations and required municipal approvals. Unlock additional rental potential and further maximize the building's long-term performance. Operating costs have been well managed. Heating costs were less than approximately $5,000 last year, municipal water is metered, tenants pay their own electricity, and there is no rental equipment. Two units also have their own laundry. The building features a tar-and-gravel flat roof. Conveniently located on a bus route and close to an elementary school, Shamrock Park, grocery stores, restaurants and everyday amenities. Two off-street parking spaces are available, along with additional street parking nearby. Whether you're looking for established rental income today or a value-add opportunity for tomorrow, call your REALTOR® today to unlock the potential of this real estate investment! Please note: Showing requests require advance notice, as 2448 hours' notice must be provided to all tenants. (id:66966)

Details

Type

Triplex

Size

2080 sq ft

Basement

Full

Property tax

$1,437

Municipality

Saint John

Interior

Fireplace

No

Appliances

Refrigerator, Stove

Flooring

Hardwood, Laminate

Heating, cooling and services

Heating

Oil

Water and sewer

Municipal sewage system

Building and exterior

Foundation

Wood, Concrete

Outdoor

Vinyl

Location

Location is approximate. See nearby homes on the map