Property Details

64-74 Spring Street, Saint John, New Brunswick

64-74 Spring Street, Saint John, New Brunswick (ID NB078907)
Listing Representative
Tim Somerville portrait
Tim Somerville
Sales Representative
Royal LePage Atlantic Brokerage - Rothesay
Cell: 506-333-6331
Tel: 506-693-6331

$1,250,000 - For Sale

ID#:NB078907

Welcome to 64-74 Spring Street! This is a fantastic investment package that consists of 2-3 family units and a vacant lot used for parking (up to 8 spaces). With extensive renovations, this turn-key opportunity offers 4-3 bdrms units ($1500, 2@ $2050 and $1950), 1-1 bdrm ($1150) and 1-2brm ($1500). Total rental income- 122,400 ( 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 - $3260 and internet $5000. Total expenses $20,860. Approx. net income 101,540. 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

Property Details
  • Property Address:64-74 Spring Street, Saint John, New Brunswick
  • Property Type:Multi Family
  • Taxes:$3,260 (2022)
Structure Details for 64-74 Spring Street, Saint John, New Brunswick
  • Structure Type:5 - 8 Units
  • Floor Space:5300 SqFt
  • Exterior Type:Metal
Listing Representative for 64-74 Spring Street, Saint John, New Brunswick
Tim Somerville portrait
Tim Somerville
Sales Representative
Royal LePage Atlantic Brokerage - Rothesay
Cell: 506-333-6331
Tel: 506-693-6331
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64-74 Spring Street, Saint John, New Brunswick

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