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For Sale · Multifamily

48-50 Peters Street, Saint John

48-50 Peters Street, Saint John, NB E2L2Z9

$999,950 total

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Asset Class

Multifamily

Size

—

Building class

C

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

92%

Lot Size

0.11 ac

About this property

Welcome to 48-50 Peters Street, an impressive 9-unit income property offering a fantastic opportunity for investors looking to expand their portfolio. Ideally situated in the heart of Saint John, this property offers a desirable mix of units: one studio apartment, four one-bedroom apartments, one one-bedroom apartment with a den, and three two-bedroom apartments. With five units fully renovated and the remaining four extensively updated, much of the hard work is already done! Major improvements include electrical, plumbing, appliances, and more, offering investors a well-improved property with excellent income potential. Each unit has its own utilities paid by the tenants, helping to minimize operating expenses. Four units feature in-unit laundry, while the remaining five have access to shared coin-operated laundry facilities, providing an additional income opportunity. Whether you're a seasoned investor or looking to grow your real estate portfolio, this 9-unit property offers an attractive combination of extensive upgrades, a diversified unit mix, and a central Saint John location. Don't miss your opportunity to own a substantial income-producing property in the heart of the city. Call your favorite REALTOR® today for full details! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1000K
Down payment30% · $300K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$39K

Annual cash flow

$-16K

Cash-on-cash

-5.37%

DSCR

0.71

Going-in cap

3.93%

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

44,328

Households

18,646

Median income

$133,000

Median age

39.1

Daytime population

66,551

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for 48-50 Peters 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.