12-16 Corkery Street Saint John, New Brunswick E2K 2Z6

$649,900

Rare chance to boost cash flow by adjusting rents .Own a fully updated, low-maintenance multi-family gem with strong long-term growth potential. Extensively renovated 4 unit property with major capital improvements already completed, offering peace of mind for years to come. Upgrades include a new roof 2025, premium siding, upgraded electrical and plumbing, new flooring throughout (porcelain & laminate), newer appliances and private decks for tenants enhancing both curb appeal and tenant satisfaction. Mechanical systems feature an owned heat pump, owned natural gas furnace and owned natural gas hot water heater, helping minimize future capital costs and maximize efficiency. Two units are currently rented while the 3-bedroom main level and 2-bedroom lower level units are owner-occupied, providing an exceptional opportunity for a buyer to set market rents and immediately increase income potential. Additional features include ample off-street parking, shared laundry (2 washers & 2 dryers), a large beautifully landscaped backyard ideal for outdoor enjoyment, and two storage baby barns for added functionality. Current rents: 1BR $1,050/month and 2BR $1,150/month. Market rents estimated at $2,200/month for the 3-bedroom and $1,500/month + utilities for the lower 2-bedroom which is now rented. Ideal for savvy investors or owner-occupiers seeking strong returns, stable tenancy, and the opportunity to offset mortgage costs while building long-term equity in a turnkey property. (id:54028)

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https://www.realtor.ca/real-estate/29419275/12-16-corkery-street-saint-john