47 Elm Street,St. Stephen, NB E3L2L1
St. Stephen, NB E3L2L1
Description
Unlock the ultimate Investment Property with this sprawling, multi-structure estate located in centrally in the Town of St. Stephen with easy access to all the amenities the town offers. Boasting a massive double lot with large mature trees and a park like atmosphere it also has access to municipal water and sewer connections. This property is a blank canvas offering incredible cash flow potential for visionary buyers. Whether you want to restore the existing footprint to create a multi-family income generator, or subdivide to build a brand-new home or additional rental units, the possibilities here are endless! The property features a total of 4 existing rental units across interconnected buildings, offering massive ROI potential once restored. The two-story main house features two separate rental units (roughly 1100 square feet each) with the top unit featuring an attic space with a window. It has a solid foundation and has good bones. Unit 3 (Attached Extension roughly 600 square feet) is an adjoining addition that was previously used as a rental unit. Unit 4 (Story-and-a-Half House that's roughly 1250 square feet) is an additional unit connected to the rear extension. It also features an attached 1-car garage. Total configuration: 4 self-contained rental units requiring full restoration. Subdivision Potential: The lot can be subdivided into two separate, legal parcels, giving you the ability to sell off the second lot or develop it. Build New: With municipal services already in place, the subdivided lot provides a ready-made opportunity to Build a House or Apartment and maximize your property value. This property is a fixer-upper and requires a complete to-the-studs renovation inside. (id:13843)
Details
| MLS # | NB144471 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 30 |
| Listing Provided By | Royal LePage Select Realty | Dwayne Snell |
Features
| SQ Feet | 4,000 |
|---|---|
| Basement | Y |
| Units | 4 |
| Acreage | 0.48 |
Exterior
| Lot Features | Balcony/Deck/Patio |
|---|
Taxes
| Tax Annual Amount | 828.08 |
|---|
Area Information
| Province | NB |
|---|---|
| City | St. Stephen |
| Postal Code | E3L2L1 |
| Listing VS Median (in E3L2L1) | |
Price: $99,900 low | high Med: $99,900 sqft: 4,000 low | high Med: 4,000 $ / sqft: $25 low | high Med: $25 On site: 30 low | high Med: 30 | |
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Learn More About This Property
| Province | NB |
|---|---|
| City | St. Stephen |
| Postal Code | E3L2L1 |
| Listing VS Median (in E3L2L1) | |
Price: $99,900 low | high Med: $99,900 sqft: 4,000 low | high Med: 4,000 $ / sqft: $25 low | high Med: $25 On site: 30 low | high Med: 30 | |
