This triplex in Saint John, NB, priced at $525,000, offers immediate and long-term upside through operational efficiencies, market rent adjustments, and a basement suite addition, creating a total of 4 units. Current GSI is $56,000 and NOI is $34,000. Ground floor tenant is moving out, allowing for GSI to increase to an estimated $64,000 immediately, allowing for a solid 7% Cap Rate and 24.6% IRR based on 20% down. Target 5-year plan to bring GSI to $73,000. Click to receive the full Executive Summary and Pro-Forma. Lovely family neighbourhood with a playground 3 doors down. Large grassy backyard, and ocean views from top floor unit. Listing provided by Andrea Davies, EXP Realty, Rothsay NB. Personally Owned by Kelly Raabe.