49
242 Germain Street
$579,900 Sale
Listed 25 days ago
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Key Facts
Key facts for 242 Germain Street
Property Type
Apartment, Triplex
Parking
Garage: No, 0 parking
MLS #
NB123330
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1901
Maintenance Fee
-
Description
Solid, well-maintained brick triplex on a sunny corner lot in Saint Johns vibrant uptown core. Located on prestigious Germain Street, just steps from Queen Square Market, restaurants, and shops, this turn-key investment combines strong income with low maintenance. All three units are self-contained ...with private laundry. Tenants pay their own heat and lights. The building includes a separate water meter and one rare off-street parking space. The master unit features a heat pump and a modern kitchen with stainless appliances and a dishwasher. Large corner windows bring in excellent natural light. The top and bottom units will be delivered vacant. The top unit was previously rented at $1,400/month plus utilities. The middle unit is currently rented at $1,400/month plus utilities. The bottom unit was previously rented at $1,850/month plus utilities. 2024 actual expenses total $13,292.18 (insurance $1,621; water/sewer $1,727.76; electricity $2,318; property tax $7,624.59). Total income at market rents is $55,800 annually, with a net operating income of $42,507representing a cap rate of approximately 7.33%. A prime location and a strong investmentideal for both owner-occupiers and long-term buy-and-hold investors. Vendor is a licensed REALTOR® in the province of New Brunswick. (id:10452)
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Listing courtesy of: eXp Realty
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