79 Summer Street Saint John, New Brunswick E2K 3Y1
$695,000
Welcome to 79 Summer Street! Conveniently located near the bus route with easy highway access, this 5-unit building offers excellent investment potential with very low vacancy. The property features electric heat, good-sized units, plenty of off-street parking, and solid financials. Situated on a quiet street, the building has seen many recent updates and is well worth a look! Current rents: $1,000, $1,200, $1,250, $1,395, and $1,865. Total rental income: $80,520 annually. Approximate expenses: Insurance: $3,511 Heat/Electricity: $15,024 Water/Sewer: $2,986 Property Taxes: $7,332 Snow Removal: $740. Total Approximate Expenses: $29,593 Approximate Net Income: $50,927 (id:35613)
Property Details
| MLS® Number | NB118865 |
| Property Type | Multi-family |
| Equipment Type | Water Heater |
| Features | Level Lot |
| Rental Equipment Type | Water Heater |
Building
| Appliances | Refrigerator, Microwave, Stove, Washer, Dishwasher, Dryer |
| Cooling Type | Heat Pump |
| Exterior Finish | Vinyl, Wood |
| Flooring Type | Laminate, Vinyl, Wood |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Heat Pump |
| Total Finished Area | 9800 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Irregular | 12206 |
| Size Total | 12206 Sqft |
| Size Total Text | 12206 Sqft |
https://www.realtor.ca/real-estate/28335721/79-summer-street-saint-john
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June 26 2025 06:12:40
Saint John Real Estate Board Inc
Royal LePage Atlantic