31-33 Peters Street

About this home

This solid 6-unit multi-family property offers an excellent investment opportunity with strong rental appeal and desirable features throughout. The building consists of a well-balanced unit mix including three 1-bedroom units, two 2-bedroom units, and one bachelor apartment - all currently rented on flexible month-to-month agreements, providing both immediate income and future upside potential. Tenants pay their own heat and lights, helping to keep operating costs down, while a coin-operated laundry adds additional income. The property has seen exterior improvements with gorgeous new siding, enhancing curb appeal and long-term durability. Outside, youll find a fully fenced yard and tiered decks that are in great shape, offering functional outdoor space for tenants. A convenient garbage alley and dedicated entrance to unit 33-1 add to the practicality of the layout. The building also features a large, dry basement, ideal for storage or future development possibilities. Well-positioned for value growth, this property offers excellent income enhancement potential with optimized management and future rent alignment. A well-maintained, income-generating property with key upgrades already completed, this is a great addition to any investment portfolio. Rents are Unit 1 = $700 Unit 2 = $950 Unit 3 = $1000 Unit 4 = $674.70 Unit 5= $1025.00 Unit 6 = $1075 (id:66966)

Details

Type

Multi-family

Size

3300 sq ft

Basement

Unfinished, Full

Property tax

$4,708

Municipality

Saint John

Interior

Fireplace

No

Appliances

Washer, Refrigerator, Stove, Dryer

Flooring

Laminate

Heating, cooling and services

Heating

Electric

Water and sewer

Municipal sewage system

Building and exterior

Foundation

Concrete

Outdoor

Vinyl, Metal

Location

Location is approximate. See nearby homes on the map