319 King Street West , Saint John, NB E2M1S8
Saint John, NB E2M1S8
Description
Excellent Investment Opportunity in a High-Demand Area! This solid 5-unit multi-family property offers incredible potential with four spacious 2-bedroom units and one 3-bedroom unit. Located in a highly sought-after area, this property is steps away from a bus stop, ensuring easy access to transportation. Current rents are well below market value, presenting a huge opportunity for increased revenue. Each unit features separate electrical meters, giving tenants control over their own utilities. Additionally, a brand-new propane furnace was installed in 2023 at a cost of $16,000, a significant upgrade for efficiency and comfort. While the exact unit sizes are unknown due to tenant occupancy, each unit offers generous living space. The square footage listed is an estimate and not an actual measurementbuyers should verify all dimensions independently. Income: 59,820; potential income can go above 90,000 expenses: Insurance:957; Water/Sewage:3,072; Garbage:1,850; Heating:7,159; light:3,451; Taxes:3,601; Total:20,090 Net income: 39,730; potential net income goes to 70,000+ A brand new propane furnace was installed in 2023 that cost $16,000. The roof is roughly 10 years old. Dont miss out on this fantastic investmentschedule a viewing today! (id:13843)
Details
| MLS# | NB112953 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 56 |
| Listing Provided By | Platinum Atlantic Realty Inc. | Matt Zhao |
Features
| SQ Feet | 4,000 |
|---|---|
| Units | 5 |
| Acreage | 0.10 |
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Learn More About This Property
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2M1S8 |
| Listing VS Median (In E2M1S8) | |
Price: $600,000 low | high Med: $456,000 SqFt: 4,000 low | high Med: 3,250 $ / SqFt: $150 low | high Med: $137 On site: 56 low | high Med: 44.000000 | |