54-56 Wright Street Saint John, New Brunswick E2K 3Z2
$525,000
Welcome to 54-56 Wright Street! Centrally located, this 6-unit property is a fantastic investment with strong financials. The building features five two-bedroom units renting for $950, $950, $1,050, $1,095, and $1,150, along with one one-bedroom unit renting for $975. Situated on the bus route, close to Rockwood Park, and offering easy access to the highway, this property is conveniently located near many amenities. The total rental income is approximately $74,040. Estimated expenses include garbage at $1,905, taxes at $5,628, insurance at $3,519, water and sewer at $4,779, and heat at $9,252, bringing total expenses to approximately $25,083. This results in an estimated net income of $48,957. With very few 6-unit buildings available, this affordable option is a valuable addition to any investment portfolio. (id:35613)
Property Details
| MLS® Number | NB112218 |
| Property Type | Multi-family |
| Equipment Type | Water Heater |
| Features | Level Lot, Sloping |
| Rental Equipment Type | Water Heater |
Building
| Appliances | Refrigerator, Stove |
| Exterior Finish | Cedar Shingles, Wood |
| Flooring Type | Carpeted, Laminate, Wood |
| Foundation Type | Concrete, Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water |
| Stories Total | 2 |
| Total Finished Area | 3000 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Irregular | 6997 |
| Size Total | 6997 Sqft |
| Size Total Text | 6997 Sqft |
https://www.realtor.ca/real-estate/27881979/54-56-wright-street-saint-john
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February 05 2025 08:13:59
Saint John Real Estate Board Inc
Royal LePage Atlantic, Sutton Group Aurora Realty Ltd.