$360,000

183 Main Street
Saint John, New Brunswick E2k1h7
MLS® Number: NB074148

Check out this 3 storey, 8 Unit Multi Family Rental located at 183 Main Street/8 Elgin Street in Saint John, NB (2 addresses, same PID, must be sold together). 8 Elgin street has 2 units, a 3 bedroom and a 4 bedroom unit. The 4 bedroom unit rents for $880 w/ tenant of 5+ years, available parking and laundry hook-ups. The 3 bedroom unit is empty but will rent for $1250, available parking and laundry hookups. Oil - $6000, Tennant Power - $2040, Building Power - $1800, Water - $1500, Insurance - $1665 (Insurance is high due to no insurance for 10+ years, should come down next year). 2083 SQFT. Oil tank in basement, 6 years old, double lined. Annual rental income = $25,560. 183 Main Street has 6 units, one 1 bedroom unit and five 2 bedroom units. Apt 1 (1 bedroom) rents for $740 w/ tenant of 10+ years, Apt. 2 (2 bedroom) rents for $740 w/ tenant of 10+ years, Apt 3 (2 bedroom) rents for $880 w/ a tenant of 10+ years, Apt 4 (2 bedroom) is empty but will rent for $1050, Apt 5 (2 bedroom) rents for $840 w/ a tenant of 5+ years, Apt 6 is empty but will rent for $1150. Tenant power - $15600, Water - $3000, Taxes - $2874.23, Building Power - $1500, Garbage - $500, Insurance - $3330 (insurance is high due to no insurance for 10+ years, should go down next year). 5700 SQFT. Annual rental income = $64,800 ALL TENANTS ARE MONTH-MONTH. (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 7738 sqft
  • Built In N/A
  • Exterior Finish Vinyl
  • Heating Electric, Oil Hot Water
  • Title N/A
  • Rental Equipment Water Heater
  • Basement Type N/A
  • Parking Type Garage
  • Features N/A
  • Flooring N/A
  • Type N/A

Land Properties

  • Lot Size 6049.32 sqft
  • Access Type N/A
  • Water Municipal water
  • Features N/A
  • Sewer Municipal sewage system

Property Map