298-300 PRINCESS STREET, SAINT JOHN, NB E2L1L5

Property Description for 298-300 Princess Street

Welcome to 298300 Princess Street A Historic Uptown Gem with Modern Income Potential. Step into the heart of Uptown Saint John with this impressive 4-unit income property, built circa 1875 and beautifully maintained to offer a seamless blend of historic character and modern updates. This stately building features rich details throughout, including original woodwork, soaring 15-foot ceilings, marble fireplaces, and parlour doorsshowcasing the craftsmanship of its time. Situated in one of the most vibrant areas of the city, tenants enjoy being steps from restaurants, nightlife, boutique shops, and everything uptown living has to offer. The top-floor unit offers views of the Bay of Fundy and access to a private rooftop patioa unique feature for urban living. All four units are currently rented, with monthly rents of $1,550, $1,575, $1,550, and $1,300 including heat and hot water with tenants paying their hydro, generating a total annual rental income of $70,800. With expenses of $27,862, the approximate net income is $42,938making this a strong and stable investment. A triple-car garage at the back of the building provides valuable off-street parking for tenants or the potential for additional rental income. Call today to schedule your private viewing and add this 4 Unit to your investment portfolio. (id:38686)