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134-144 Carmarthen Street Saint John, New Brunswick E2L 2P2

$600,000

Presenting 134-144 Carmarthen Street, an expansive 50+ unit rooming house ready for renovation and income potential. This property, located in the heart of uptown Saint John, currently has 16 units rented, while the remaining units await transformation. With a prime location amidst thriving amenities and businesses, this property attracts investors eager to revitalize and maximize its earning potential. Current expenses: Electricity $8500, Water/Sewage $3800, Snow/Garbage $1000, Heating $18500, Taxes $3824 = $35624. Total income (before expenses) = $113280. 3 buildings all attached on 1 PID.Buildings have their own heating & power.The Footprints are almost identical & are roughly just over 1000 square feet per floor.Buildings are 4 stories equal to 4000+ sqft per building for a total of 12000+ SQFT. Always has been a 50+ room boarding house & has been in the family now for 50+ years. Someone could revive this property back to a boarding house & not change any of the structure or completely remodel the entire property. Ideas etc.. 50+ rooms, 8 two storey units, 12 large flats, or 3 four storey town homes.This property is in need of a TON of work to revive it or if you want you can walk in and clean it up.There is a lane way owned by the property that really only allows for 1 parking spot off of Orange Street. 142-144 have sinks in every unit. Buildings that are currently shut down can be reopened with little effort. (id:42007)

Property Details

MLS® Number NB094738
Property Type Multi-family
Equipment Type Water Heater
Rental Equipment Type Water Heater

Building

Exterior Finish Brick
Fire Protection Alarm System
Fireplace Present No
Heating Fuel Oil
Stories Total 4
Total Finished Area 12000 Sqft
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 6609
Size Total 6609 Sqft
Size Total Text 6609 Sqft

https://www.realtor.ca/real-estate/26385353/134-144-carmarthen-street-saint-john

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