72 Belleview Avenue Saint John, New Brunswick E2K 1R6

$250,000

Welcome to 72 Belleview Avenue! This two-family home is situated in a great location on the bus route and within close proximity to many amenities. Featuring electric baseboard heating, stylish flooring, and modern kitchen cabinets, this property offers plenty of potential. The units are spacious with large windows that bring in plenty of bright natural light. The lower unit also features a generous deck with a nice view, perfect for relaxing outdoors. Additionally, the basement provides an opportunity for extra storage. Ideal for owner occupancy or multi-generational living, the top unit could rent for approximately $1,500 per month, while the bottom unit is currently rented at $1,000 per month (tenants pay heat & lights), bringing in a total potential rental income of $30,000 annually. Estimated annual expenses include: Taxes: $2,818 Insurance: $2,304 Water & Sewer: $2,856 Electricity: $3,080 Total Expenses: $7,978 This leaves an estimated net income of $22,022, making it a promising investment opportunity! (id:50541)

Property Details

MLS® Number	NB114164
Property Type	Multi-family
Equipment Type	Water Heater
Features	Level Lot, Sloping
Rental Equipment Type	Water Heater

Building

Exterior Finish	Cedar Shingles, Wood Shingles
Flooring Type	Laminate
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Total Finished Area	1700 Sqft
Type	Duplex
Utility Water	Municipal Water

Land

Access Type	Year-round Access
Acreage	No
Sewer	Municipal Sewage System
Size Irregular	3498
Size Total	3498 Sqft
Size Total Text	3498 Sqft

https://www.realtor.ca/real-estate/28040430/72-belleview-avenue-saint-john