Property Details
64-74 Spring Street, Saint John, New Brunswick, Canada
Welcome to 64-74 Spring Street! This is a fantastic investment package that consists of 2-3 family units with 4 new owned heat pumps and a vacant lot used for parking (up to 8 spaces). With extensive renovations, this turn-key opportunity offers 4-3 bdrms units ($2050, $1975, $1650 and $1600), 1-1 bdrm ($1000) and 1-2brm ($1200). Total rental income- 113,700 (owner unit could be rented higher). Quality throughout, 4 units offer 2 full bathrooms, solid number and is in pristine condition. Expenses are: Insurance - $5000, water/sewer - $1600, electricity $6000, taxes - $3436 and internet $5000. Total expenses $21,036. Approx. net income $92,664. All units could pay there own heat and lights. (Currently only one pays there own heat and lights) 2 sheds to remain. This is a rare find and is well worth a look
Royal LePage Atlantic Brokerage - Rothesay
- 506-333-6331
- 506-693-6331
- 506-657-6334
- tsomerville@royallepage.ca
- Property Address: 64-74 Spring Street, Saint John, New Brunswick, Canada
- Property Type: Multi Family
- Taxes: $3,436 (2023)
- Structure Type: 5 - 8 Units
- Square Footage: 5300 SqFt
- Exterior Type: Metal
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