64 St. John Street Saint John, New Brunswick E2M 1S6

$325,000

Welcome to 64 St. John Street! This spacious three-unit property is an excellent opportunity for investors. Each tenant pays their own heat and electricity, and the property boasts generously sized units with a very low vacancy rate. Conveniently located near the highway and various amenities, this building offers both practicality and potential. Recent renovations have been completed, and the numbers speak for themselves: the property includes two 2-bedroom units and one 3-bedroom unit. The rental income is as follows: $725 and 2 units at $1,145, for a total annual rental income of approximately $36,180. The estimated expenses are: Insurance: $1,390, Property taxes: $3,391, Water and sewer: $2,291, Electricity: $520. This totals approximately $7,588 in annual expenses, leaving an estimated net income of $28,592. This property is well worth a closer lookdont miss this fantastic investment opportunity! (id:50541)

Property Details

MLS® Number	NB111041
Property Type	Multi-family
Equipment Type	Water Heater
Features	Level Lot, Sloping
Rental Equipment Type	Water Heater

Building

Basement Type	Crawl Space
Exterior Finish	Cedar Shingles, Vinyl
Flooring Type	Laminate
Foundation Type	Concrete, Stone
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	3
Total Finished Area	2400 Sqft
Type	Triplex
Utility Water	Municipal Water

Land

Access Type	Year-round Access
Acreage	No
Landscape Features	Partially Landscaped
Sewer	Municipal Sewage System
Size Irregular	5005
Size Total	5005 Sqft
Size Total Text	5005 Sqft

https://www.realtor.ca/real-estate/27785350/64-st-john-street-saint-john