815 Main Street Blacks Harbour, New Brunswick E5H 1E5

$350,000

Welcome to 815 Main Street! This spacious 4-unit property features hardwood floors, electric heating, a detached 2-car garage, and two bedrooms in each unit. Each unit also includes laundry hook-ups, and the property comes with a full basement for additional storage. The rental income is impressive, with Unit C renting for $675 to a long-term tenant of 30 years, Unit D at $1,200, Unit B set to rent for $1,500 starting January 1st, and Unit A, currently owner-occupied, also at $1,500. This brings the approximate annual rental income to $58,500. Expenses are estimated at $3,500 for insurance, $1,710 for water and sewer, and $3,326 for taxes, totaling approximately $8,536 annually. With these expenses accounted for, the propertys net income is estimated at $49,964 per year. This building offers excellent financial potential. While some upgrades are needed, the numbers make it a worthwhile investment. Please note, the property is being sold ""as is, where is"" on closing, and no disclosure will be provided. (id:50541)

Property Details

MLS® Number	NB109877
Property Type	Multi-family
Equipment Type	Water Heater
Features	Level Lot
Rental Equipment Type	Water Heater

Building

Appliances	Refrigerator, Stove
Constructed Date	1926
Exterior Finish	Vinyl
Flooring Type	Ceramic, Wood
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Total Finished Area	4000 Sqft
Type	Fourplex
Utility Water	Municipal Water

Land

Access Type	Year-round Access
Acreage	No
Landscape Features	Landscaped
Sewer	Municipal Sewage System
Size Irregular	13627
Size Total	13627 Sqft
Size Total Text	13627 Sqft

https://www.realtor.ca/real-estate/27699977/815-main-street-blacks-harbour