108 Main Saint John, New Brunswick E2K 1H3
$459,000
Welcome to 108 Main Street NORTH. Whether you're a seasoned investor or just beginning your real estate journey, this 5 Unit building is a rare find with it's blend of steady cash flow, low operating expenses, and growth potential. All 5 apartments are rented providing immediate ca$h flow. With the current rental market trends, there is significant potential for income growth. As leases renew and improvements are made to this property it could yield considerably higher rents over time. There are 5 spacious apartments . consisting of 4-2 bedroom and 1- 3 bedroom. Conveniently located near amenities, hospital, schools , UNB , the Y , transportation, Shamrock Park, and walking distance to the SAINT JOHN RIVER and POWER BOAT CLUB, ensuring consistent rental demand. Income is 60,180 per year , expenses ( excluding mortgage) 12,128 and a NET of 48,052. Gotta love those number$$$ ! Call for your private showing today. 48 Hours notice for showings. NO viewings on Sunday. (id:50541)
Property Details
| MLS® Number | NB110187 |
| Property Type | Multi-family |
| EquipmentType | Water Heater |
| Features | Corner Site |
| RentalEquipmentType | Water Heater |
Building
| BasementType | Crawl Space |
| ExteriorFinish | Vinyl |
| FireProtection | Smoke Detectors |
| HeatingType | Baseboard Heaters |
| TotalFinishedArea | 3954 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Year-round Access |
| Acreage | No |
| LandscapeFeatures | Partially Landscaped |
| Sewer | Municipal Sewage System |
| SizeIrregular | 372 |
| SizeTotal | 372 M2 |
| SizeTotalText | 372 M2 |
| ZoningDescription | Rc Zoning |
https://www.realtor.ca/real-estate/27733315/108-main-saint-john
71 Paradise Row
Saint John, New Brunswick E2K 3H6
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December 24 2024 01:24:59
Saint John Real Estate Board Inc
Royal LePage Atlantic