507 Milford Road, Saint John, New Brunswick E2M4R5

Property Description

Looking to add an income-producing property to your investment portfolio? This two-storey duplex on Saint John's west side offers an attractive opportunity with established rental income, a vacant and recently refreshed unit, and flexibility for investors to maximize the property's potential. Offering approximately 1,500 square feet of finished living space, the property features two self-contained units, each with two bedrooms and one bathroom. The main-floor unit is currently rented for $1,236 per month, while the vacant upstairs unit was previously rented for $1,650 per month, representing a combined rental income of $2,886 per month if both units were rented at those rates. With the upstairs unit now vacant, investors have the opportunity to establish a new tenancy and determine their rental strategy. The upstairs unit has been freshly painted throughout and is ready for its next occupant. Additional improvements include painted kitchen cabinets and bathroom vanity, updated lighting, a new over-the-range microwave, newer appliances, and updates and painting to the front and rear decks. Located in an established residential neighbourhood on Saint John's west side, the property offers an appealing location for tenants, with convenient access to shopping, restaurants, schools, and everyday amenities. Major routes are easily accessible for commuting throughout Saint John and surrounding areas, while nearby Dominion Park Beach provides an added recreational attraction. Whether you're an experienced investor expanding your portfolio or purchasing your first rental property, 507 Milford Road offers existing rental income, leasing flexibility, and an opportunity to build long-term investment value. (id:5764)