$1,250,000

64-74 Spring Street
Saint John, New Brunswick E2k3x5
MLS® Number: NB078907

Welcome to 64-74 Spring Street! This is a fantastic investment package that consists of 2-3 family units and a vacant lot used for parking (up to 8 spaces). With extensive renovations, this turn-key opportunity offers 4-3 bdrms units ($1500, 2@ $2050 and $1950), 1-1 bdrm ($1150) and 1-2brm ($1500). Total rental income- 122,400 ( owner unit could be rented higher). Quality throughout, 4 units offer 2 full bathrooms, solid number and is in pristine condition. Expenses are: Insurance - $5000, water/sewer - $1600, electricity $6000, taxes - $3260 and internet $5000. Total expenses $20,860. Approx. net income 101,540. All units could pay there own heat and lights. (Currently only one pays there own heat and lights) 2 sheds to remain. This is a rare find and is well worth a look (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 5300 sqft
  • Built In N/A
  • Exterior Finish Metal
  • Heating Electric Baseboard heaters
  • Title N/A
  • Rental Equipment None
  • Basement Type Crawl space
  • Parking Type Garage
  • Features N/A
  • Flooring Ceramic, Vinyl
  • Type N/A

Land Properties

  • Lot Size 13918 sqft
  • Access Type Year-round access
  • Water Municipal water
  • Features N/A
  • Sewer Municipal sewage system

Property Map