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$459,000
Est. payment /mo
4,800 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS® Listing ID NB112783
Originating Board New Brunswick Real Estate Board
Year Built 1950
Lot Size 4,800 Sqft
Acres 4800.704
Property Description
Fantastic Investment Opportunity! This 5-unit multi-family property is located in a prime West Side location of Saint John, right on the bus route and within walking distance of grocery stores, drugstores, shopping centers, restaurants, and coffee shops, making it highly attractive to tenants. The property consists of 3 one-bedroom units and 2 two-bedroom units, one of which includes an additional den. The current rental income is $53,160 annually, well below market value. Even with rental increases for two units starting on September 1, the annual income will only rise to $53,832 per year. With an estimated potential of $70,000 per year, this property offers significant upside for investors. Total annual expenses are $17,823. This property is being sold as-is, presenting an excellent opportunity for those looking to maximize rental income and build long-term equity. Dont miss out on this solid investmentbook a showing via TouchBase now! (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
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Listed by Platinum Atlantic Realty Inc.