This 49-unit rooming house presents a rare value-add opportunity in the heart of Uptown, offering scale, flexibility, and strong upside potential. The building is strategically divided into three separate sections, allowing an investor to renovate in stages for improved cash flow management or undertake a full-scale repositioning to maximize long-term returns. This building is currently fully vacant, providing immediate access for upgrades and reconfiguration. Featuring tall ceiling heights that enhance natural light and overall character, the property also benefits from a newly installed natural gas heating system servicing the occupied sectionreducing future operating costs and modernizing key infrastructure. The building requires renovations prior to occupancy, presenting a blank canvas for investors ready to reposition and add significant value through strategic improvements. (id:4069)
Address
134-144 Carmarthen
List Price
$729,900
Property Type
Multi-family
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Saint John
Floor Area
12,000 Sq. Ft.
Lot Size
614 Sq. Ft.
MLS® Number
NB145962
Listing Brokerage
RE/MAX Professionals
Basement Area
Full
Postal Code
E2L2P2
Ownership
Freehold
Heat Source
Natural gas
Heat Type
Other
Water Source
Municipal water
Sewer
Municipal sewage system
