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For Sale · Multifamily

226-228 Watson Street, Saint John

226-228 Watson Street, Saint John, NB E2M1G8

$199,900 total

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Asset Class

Multifamily

Size

—

Building class

A

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

96%

Lot Size

0.07 ac

About this property

Upgraded duplex offering strong income potential or the option for owner occupancy. This well-maintained property features two spacious unitsone 2-bedroom and one 3-bedroom. One unit is currently rented at $1400 per month and the other in vacant. Each unit includes its own washer and dryer, and the property is set up with separate meters for added convenience. Tenants currently pay their own heat and lights. Recent updates include a new roof, select baseboard heaters, and work to the foundation, fresh interior paint, and more, making this a solid, low-maintenance investment. Located within walking distance to the market, volleyball courts, baseball field, parks, and transit routes, with easy access to the highway and all amenities. A great opportunity for investors or those looking to live in one unit while offsetting costs with rental income. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$200K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$923

Projected NOI

$10K

Annual cash flow

$-1K

Cash-on-cash

-2.00%

DSCR

0.89

Going-in cap

4.94%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

88,598

Households

39,581

Median income

$89,000

Median age

41.8

Daytime population

122,665

5-yr growth

1.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 226-228 Watson Street, Saint John.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.