224-226 Princess Street Saint John, New Brunswick E2L 1L1
$600,000
Welcome to 224-226 Princess Street! Located on a great street in popular Uptown Saint John, this 5-Unit investment building has had extensive updates throughout including a new modified roof (June 2024) and has off street parking for 3 cars. This building has great units, very low vacancy and solid numbers! Walk to everything Uptown and enjoy the resurgence in many of the buildings and all that uptown offers. Rents are as follows: Apt 1 - $1325, Apt 2 - $1460 Apt 3 - $1090 Apt 4 - $1390 and Apt 5 $1110. Approximate Rental Income - $76,500 Approximate Expenses are: Taxes $10,215, water/sewer - $2400, Insurance - $2600, Heat - $8000, and electricity - $1539. Approximate Total Expenses $24,754 Approximate Net Income - $51,746. This is a great investment building that is well worth a look! (id:57497)
Property Details
| MLS® Number | NB105225 |
| Property Type | Multi-family |
| Neigbourhood | Parker's Corner |
| EquipmentType | None |
| Features | Level Lot, Sloping |
| RentalEquipmentType | None |
Building
| Appliances | Refrigerator, Stove, Washer, Dishwasher, Dryer |
| ExteriorFinish | Vinyl |
| FlooringType | Wood |
| FoundationType | Stone |
| HeatingFuel | Electric, Propane |
| HeatingType | Baseboard Heaters, Hot Water |
| RoofMaterial | Membrane |
| RoofStyle | Unknown |
| TotalFinishedArea | 3600 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Year-round Access |
| Acreage | No |
| LandscapeFeatures | Landscaped |
| Sewer | Municipal Sewage System |
| SizeIrregular | 3993 |
| SizeTotal | 3993 Sqft |
| SizeTotalText | 3993 Sqft |
| ZoningDescription | ! |
https://www.realtor.ca/real-estate/27364007/224-226-princess-street-saint-john
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September 06 2024 08:02:16
Saint John Real Estate Board Inc
Royal LePage Atlantic