$799,950

118 Winslow Street
Saint John, New Brunswick E2m1w5
MLS® Number: NB078937

The vendor has spared no expense with Hundreds of thousands of dollars in recent upgrades in( 2013) make this one of the best investment opportunities on the market today. CHECK OUT VIRTUAL TOUR!!It absolutely shows beautifully and is must see! Newer front and rear Entrance to a commercial tiled common hallways up and down!! All units are similar in their footprint layout with updated flooring, bathrooms, two comfortable size bedrooms, wide hallways, tiled flooring in kitchens with backsplash, separate dining areas, large Livingroom's, full bathrooms, ample storage. Newer roof, vinyl windows, vinyl and metal siding, all new breaker panels installed 2022, updated commercial fire alarm system, separate coin operated laundryroom area, off street parking, FULL OCCUPANCY !! Call your Realtor specialist to get in on this Fantastic investment opportunity now before its gone or call for details!! Total current rental income - $73000 Approx. expenses- Electricity- $1200.00, Heating- $13800, Insurance - $3,130, Water/sewer - $3,063 and taxes $9,795. Approx. total expenses - $, Approx Net income -$47,000. which includes approx $1000 in coin op washer dryer.Rents can below market 8 times 750.00 heated =$6000 monthly or $72000.annually and all rents are identical @ $750 heated tenants pay their light bill. Rents are subject to increase early 2023 gross revenue including laundry $73000 expenses $30988 =net income $42012.00 (id:34572)


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Property Summary

  • Bedrooms N/A
  • Bathrooms N/A
  • Architectural Style N/A
  • Property Type Multi-family
  • Square Footage N/A
  • Total Finished Area 7500 sqft
  • Built In N/A
  • Exterior Finish Aluminum siding, Vinyl
  • Heating Oil Baseboard heaters, Hot Water, Outside Furnace
  • Title N/A
  • Rental Equipment None
  • Basement Type Crawl space
  • Parking Type Garage
  • Features N/A
  • Flooring Laminate, Tile, Vinyl, Wood
  • Type N/A

Land Properties

  • Lot Size 9999.67 sqft
  • Access Type Year-round access
  • Water Municipal water
  • Features N/A
  • Sewer Municipal sewage system

Property Map