2144,2149 Ocean Westway, Saint John, New Brunswick E2M5H6
Listing courtesy of Royal LePage Atlantic.
- $3,800,000
- 9,500
- SqFt
- List Price
- $3,800,000
- MLS®
- NB136310
- Days on Market
- 129
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Living Area
- 9,500
- Lot Size Dimensions
- 3.27
- Lot Size
- 142,441
Property Description
Welcome to 2144 and 2149 Ocean Westway, a fantastic investment opportunity featuring 19 fully renovated one-level, units ideal for professional workers. The property is in excellent condition and situated in a desirable area, offering easy access to the highway and nearby amenities. With strong rental numbers and modern updates throughout, this like-new property offers impressive financials. The total annual rental income is $312,600, with units rented at varying rates: 2 at $ 1,100, 2 at $ 1,200, 1 at $ 1,250, 10 at $ 1,400, 2 at $ 1,500, and 2 at $ 1,600. Estimated annual expenses include $21,984 for taxes, $5600 for water and septic, $5000 for electricity, $10,301 for insurance, and $6986 for snow removal and garbage, totaling approximately $49,871. This results in an estimated net income of $262,729. For serious investors seeking a high-performing and low-maintenance property, this is well worth a closer look. (id:5764)
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Additional Information
- Ownership
- Freehold
- Country
- Canada
- Flooring
- Vinyl
- Sewer
- Septic System
- Heating
- Baseboard heaters, Electric
- Lot Features
- Level lot, Sloping
- Total Number Of Units
- 19
- Stories
- 1
- Lot Size
- 142,441
