79 Summer Street Saint John, New Brunswick E2K 3Y1

$697,500

Welcome to 79 Summer Street! Conveniently located near the bus route with easy highway access, this 5-unit building offers excellent investment potential with very low vacancy. The property features electric heat, good-sized units, plenty of off-street parking, and solid financials. Situated on a quiet street, the building has seen many recent updates and is well worth a look! Current rents: $1,000, $1,200, $1,250, $1,395, and $1,865. Total rental income: $80,520 annually. Approximate expenses: Insurance: $3,511 Heat/Electricity: $15,024 Water/Sewer: $2,986 Property Taxes: $7,332 Snow Removal: $740. Total Approximate Expenses: $29,593 Approximate Net Income: $50,927 (id:50541)

Property Details

MLS® Number	NB118865
Property Type	Multi-family
Equipment Type	Water Heater
Features	Level Lot
Rental Equipment Type	Water Heater

Building

Appliances	Refrigerator, Microwave, Stove, Washer, Dishwasher, Dryer
Cooling Type	Heat Pump
Exterior Finish	Vinyl, Wood
Flooring Type	Laminate, Vinyl, Wood
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters, Heat Pump
Total Finished Area	9800 Sqft
Utility Water	Municipal Water

Land

Access Type	Year-round Access
Acreage	No
Landscape Features	Landscaped
Sewer	Municipal Sewage System
Size Irregular	12206
Size Total	12206 Sqft
Size Total Text	12206 Sqft

https://www.realtor.ca/real-estate/28335721/79-summer-street-saint-john