64-74 Spring Street Saint John, New Brunswick E2K 3X5
$1,250,000
Welcome to 64-74 Spring Street! This is a fantastic investment package that consists of 2-3 family units with 4 new owned heat pumps 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 - $3436 and internet $5000. Total expenses $21,036. Approx. net income 101,364. 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
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April 21 2023 05:13:03
Saint John Real Estate Board Inc
Royal LePage Atlantic (S105)