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64-74 Spring Street Saint John, New Brunswick E2K 3X5

Baseboard Heaters

$1,250,000

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 (id:35613)

Property Details

MLS® Number NB078907
Property Type Multi-family
Equipment Type None
Features Level Lot, Sloping
Rental Equipment Type None
Structure Shed

Building

Appliances Refrigerator, Stove, Washer, Dishwasher, Dryer
Basement Type Crawl Space
Exterior Finish Metal
Flooring Type Ceramic, Vinyl
Heating Fuel Electric
Heating Type Baseboard Heaters
Roof Material Asphalt Shingle
Roof Style Unknown
Stories Total 3
Total Finished Area 5300 Sqft
Utility Water Municipal Water

Land

Access Type Year-round Access
Acreage No
Sewer Municipal Sewage System
Size Irregular 13918
Size Total 13918 Sqft
Size Total Text 13918 Sqft

https://www.realtor.ca/real-estate/24844402/64-74-spring-street-saint-john