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155-159 Ludlow Street Saint John, New Brunswick E2M 1C4

Hot Water Landscaped

$319,000

Welcome to a fantastic investment opportunity at 155-159 Ludlow Street! This well-maintained 3-unit building boasts numerous updates and income-generating potential. Currently offering two units with 2 bedrooms each and one unit with 3 bedrooms, tenants pay their own lights. With two units currently vacant, new owners have the opportunity to set rental rates at market value. Recent upgrades include converting the furnace from oil to natural gas for improved efficiency and cost savings. Extensive renovations have been completed on the top unit, ensuring modern comfort and appeal. Additionally, the back deck has been repaired, and the bottom unit has been renovated, enhancing the overall value and attractiveness of the property. This property presents a lucrative opportunity for investors seeking a turnkey investment with strong income potential and recent updates. The top unit is currently rented for $1,350 per month, providing immediate income. The potential net income exceeds $35,000 annually. Don't miss out on this chance to capitalize on Saint John's rental market! For more information or to schedule a viewing, contact today. All information and measurements to be verified by the buyer prior to closing. (id:35613)

Property Details

MLS® Number NB095508
Property Type Multi-family
Neigbourhood Saint John West
Equipment Type Water Heater
Features Level Lot, Sloping
Rental Equipment Type Water Heater

Building

Appliances Refrigerator, Stove, Washer, Dryer
Exterior Finish Vinyl
Fire Protection Smoke Detectors
Flooring Type Laminate, Tile, Vinyl, Wood
Foundation Type Concrete, Stone
Heating Fuel Natural Gas
Heating Type Hot Water
Roof Material Metal
Roof Style Unknown
Stories Total 3
Total Finished Area 2650 Sqft
Type Triplex
Utility Water Municipal Water

Land

Access Type Year-round Access
Acreage No
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Irregular 5005
Size Total 5005 Sqft
Size Total Text 5005 Sqft

https://www.realtor.ca/real-estate/26493183/155-159-ludlow-street-saint-john