181 Duke St. West Saint John, New Brunswick E2M 1T5

$340,000

Triplex for Sale in Saint John West! This income-producing three-unit property offers a strong ROI addition to any real estate investment portfolio and in the last 8 years there has been many upgrades IE: New ROOF, New WINDOWS, ELECTRICAL along with new flooring and much more, this property is definitely worth a look. Located on Saint John's West Side, 181 Duke Street West features three spacious 3-bedroom units with current rents of $1,135/month, $1,450/month, and $1,645/month. Tenants pay their own electricity, helping keep operating costs manageable. Gross annual rental income is $50,760. Based on the April 1, 2024 to March 31, 2025 operating period, annual expenses include property taxes of $4,645, insurance of $2,889.67, maintenance of $2,296.35, electricity of $1,974.14, and water/sewer of $4,284, for total annual expenses of approximately $16,089 and a net operating income of approximately $34,671. The property is serviced by municipal water and sewer and offers a low-maintenance setup for investors looking to expand their holdings. Conveniently located close to Uptown Saint John, shopping, schools, public transit, and major amenities, this is an excellent opportunity to own a well-performing multi-family property in a strong rental area. Whether you're a seasoned investor or looking to purchase your first income property, 181 Duke Street West is worth a closer look. (id:55272)

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https://www.realtor.ca/real-estate/29832009/181-duke-st-west-saint-john