Saint John, NB E2J2M7,35 Margaret Street
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$ 399,900
Est. payment | /mo

5,253 Sqft Lot


Save
$ 399,900
Est. payment | /mo
Save

5,253 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS® Listing ID NB120279

Year Built 1951

Lot Size 5,253 Sqft

Acres 5253.0

Source New Brunswick Real Estate Board

Property Description

This well-maintained and spacious 4-family property offers a fantastic investment opportunity with a solid rental history and low vacancy rate. Each unit is generously sized, providing comfortable living for tenants. Recent updates throughout the building enhance its appeal and reduce ongoing maintenance costs. The property features off-street parking, a nicely sized backyard for tenant enjoyment, and a convenient location close to shopping, dining, and the mall. Additional amenities include coin-operated laundry, adding extra income potential. Whether you're an experienced investor or just starting your portfolio, this property is a smart, stable choice with strong cash flow potential. Total rental income $54,000 & laundry income $2880. Total income $56,880. Approx. expenses- Insurance-$1900, water/sewer- $2700, Heat $5800, Taxes $6726,56. Approx. total expenses - $17,126,56 APPROX. NET INCOME- $39,753. Rents are $750, $1100, $1200, and $1450. Property taxes reflect non owner occupied. (id:24570)

Location

Province NB

Rooms

Kitchen 0.0

Interior

Heating Hot Water,

Flooring Ceramic, Laminate

Exterior

Parking Features No

View Y/N No

Private Pool No

Building

Lot Description Landscaped

Story 1

Sewer Municipal sewage system

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Listed by Keller Williams Capital Realty

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