$439,900

180 Douglas Avenue
Saint John, New Brunswick E2k1e4
MLS® Number: NB069029

Welcome to 180 Douglas Ave. This quality 4 unit in a prime location is every investor's dream to ad to their portfolio. Since the recent announcement of RENT CONTROL, this building is now 3/4 so new owner's can increase rates as they chose. Unit 1 is a large 2 bedroom with laundry and was renting at $1200/month. Unit 2 is a cozy 2 bed with laundry and was renting at $1000/moth. Unit 3 is was being utilized as an Air BNB with an average income of $1368/month. Prior Unit 3 was renting at $750 per month, however could easily bring in $1000/month at market rent. Unit 4 is a large 3 bedroom plus den with laundry and rents out at $1400/month. There are also 2 garages on the property that are renting for $100/month each. This building is a money maker on one of the most sought after streets in Saint John. Close to bus routes, all amenities, with lots off street parking and separate meters this building won't last long. Currently heat and lights are included with month to month tenants. Rents could easily be increased to market value. SJ Energy- $231.16/month, Natural Gas-$407.53, Water & Sewer-$154.47, Taxes-$505.72, Insurance-$197.20 Annual Income $62,016 w/ Expenses at $17,952.96 - NET Operating Income $44,063.10. (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 2850 sqft
  • Built In N/A
  • Exterior Finish Vinyl
  • Heating Natural gas
  • Title N/A
  • Rental Equipment Water Heater
  • Basement Type N/A
  • Parking Type Garage
  • Features N/A
  • Flooring Vinyl, Wood
  • Type Fourplex

Land Properties

  • Lot Size 7664 sqft
  • Access Type N/A
  • Water Municipal water
  • Features N/A
  • Sewer Municipal sewage system

Property Map