389 Duke Street Saint John, New Brunswick E2M 1V4
$319,500
Welcome to 389 Duke Street West! This 4 family offers a solid buildings with some off-street parking. Heated with electric baseboard, this is a solid property that is close to amenities. This building has a nice backyard and has some long-term tenants. Rents are $600(bachelor). $650 (1-bdrm), $750 (2-bdrm) and $770 (2-bdrm). Total rental income $33,240. Approximate expenses water/sewer - $2218, water heater rental - $831, taxes - $3824 and insurance- $ 1400. Approx. total expenses - $8273. Approx. net income $24,967. Rents will be increased to $643 (bachelor), $697 (1-bdrm), $804 (2-bdrm) and $826 (2-bdrm) as of Jan 1/24. Total rental income will be $35,640. This is a great investment building that is well worth a look! (id:35613)
Property Details
| MLS® Number | NB088125 |
| Property Type | Multi-family |
| Equipment Type | Water Heater |
| Features | Level Lot, Sloping |
| Rental Equipment Type | Water Heater |
Building
| Appliances | Refrigerator, Stove |
| Basement Type | Crawl Space |
| Exterior Finish | Vinyl |
| Flooring Type | Carpeted, Laminate, Wood |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Roof Material | Membrane |
| Roof Style | Unknown |
| Stories Total | 2 |
| Total Finished Area | 2508 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Irregular | 5167 |
| Size Total | 5167 Sqft |
| Size Total Text | 5167 Sqft |
https://www.realtor.ca/real-estate/25693884/389-duke-street-saint-john
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August 30 2023 08:43:17
Saint John Real Estate Board Inc
Royal LePage Atlantic (S105)