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2144,2149 Ocean Westway

Saint John, NB, E2M5H6

Listed by Royal LePage Atlantic

$3,800,000

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  • 9500 sq ft

Listed 203 days ago · MLS® NB136310

About this home

Welcome to 2144 and 2149 Ocean Westway, a fantastic investment opportunity featuring 19 fully renovated one-level, units ideal for professional workers. The property is in excellent condition and situated in a desirable area, offering easy access to the highway and nearby amenities. With strong rental numbers and modern updates throughout, this like-new property offers impressive financials. The total annual rental income is $312,600, with units rented at varying rates: 2 at $ 1,100, 2 at $ 1,200, 1 at $ 1,250, 10 at $ 1,400, 2 at $ 1,500, and 2 at $ 1,600. Estimated annual expenses include $21,984 for taxes, $5600 for water and septic, $5000 for electricity, $10,301 for insurance, and $6986 for snow removal and garbage, totaling approximately $49,871. This results in an estimated net income of $262,729. For serious investors seeking a high-performing and low-maintenance property, this is well worth a closer look. (id:66966)

Details

Type
Multi-family
Size
9500 sq ft
Property tax
$21,984
Municipality
Saint John

Interior

Fireplace
No
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer
Flooring
Vinyl

Heating, cooling and services

Heating
Baseboard heaters, Electric
Water and sewer
Septic System

Building and exterior

Foundation
Concrete
Outdoor
Wood, Vinyl

Location

Location is approximate. See nearby homes on the map

Listed by Royal LePage Atlantic.

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