116 Carleton Street, Saint John, New Brunswick

About 116 Carleton Street

This rare Uptown Saint John duplex offers an exceptional 10% CAP rate with strong cash flow potential. Ideally located within walking distance to shops, restaurants, King Square, but stop and amenities, the property features two self-contained units, each with separate electrical meters, laundry in the building, and single attached garage + off-street parking, completely paved. Recent major upgrades on new floorings, walls, vanity changes, windows, brand new electric boilers and water tanks, fresh paint throughout etc. totaling over $60,000 ensure low maintenance and easy rental appeal. Unit A (main floor) is a 1-bedroom rented at market rate ($1,000/month), with the tenant covering all utilities. Unit B (upper level) is a spacious 3-bedroom currently rented by three tenants generating $2,100/month, with utilities paid by the landlord. With annual rental income of $37,200 and net income of $26,972.15, this turn-key property offers flexible options for investors or owner-occupants looking to live mortgage-free. This is an excellent opportunity to own in the citys most vibrant district. (id:36535)

Listing Map