Tim Somerville Sales Representative Royal LePage Atlantic Brokerage - Rothesay Cell: 506-333-6331 Tel: 506-693-6331
$389,500 - For Sale
ID#:NB073909
Welcome to 35 Margaret Street! This spacious 4-family is well maintained, has off-street parking, nice backyard, good-size units and is located close to the mall. This building has very low vacancy, has had many recent updates, has coin-operated laundry and is a great solid investment building. Total rental income $42,900 & laundry income $963. Total income $43,863. Approx. expenses- Insurance-$1186, water/sewer- $1220, electricity- $2768, Heat $3613 and Taxes $5102. Approx. total expenses - $13,889 APPROX. NET INCOME- $29,974. Rents are $800, $825, $950, and $1000. Property has been rezoned to meet all zoning requirements. This is a great investment building that is well worth a look!
Property Details
Property Address:35 Margaret Street, Saint John, New Brunswick
Property Type:Multi Family
Taxes:$5,102 (2022)
Structure Details for 35 Margaret Street, Saint John, New Brunswick
Structure Type:Fourplex
Floor Space:2300 SqFt
Exterior Type:Vinyl Siding
Listing Representative for 35 Margaret Street, Saint John, New Brunswick
Tim Somerville Sales Representative Royal LePage Atlantic Brokerage - Rothesay Cell: 506-333-6331 Tel: 506-693-6331
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