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179 Britain Street Saint John, New Brunswick E2L 1X7

Hot Water

$300,000

Welcome to 179 Britain Street! This spacious 4-unit property is nestled in the heart of Uptown Saint John's vibrant peninsula and offers approximately 3,000 square feet of living space. With off-street parking and a prime location, this property is close to everything Uptown has to offer, making it a fantastic investment opportunity. Uptown Saint John is known for its walkable streets, unique architecture, and central location, providing easy access to the rest of the city. The neighborhood boasts an exciting array of restaurants, cafes, markets and pubs and entertainment. This property currently has a very low vacancy rate and is fully occupied, generating consistent rental income. Current Rents: $700, $700, $995, and $1,500 Total Rental Income: $46,740 annually. Approximate Expenses: Insurance: $2,010 Heat: $4,660 Water/Sewer: $4,017 Electricity: $4,655 Taxes: $5,519 Approximate Total Expenses: $20,861 Approximate Net Income: $25,876 This solid investment property is well worth a look for anyone seeking steady income in an unbeatable location. *Please note that rent increase notices have been sent out for March for 3/4 units - $700-->$805, $700-->$805, $995-->$1144* (id:55272)

Property Details

MLS® Number NB110961
Property Type Multi-family
EquipmentType Water Heater
Features Level Lot
RentalEquipmentType Water Heater

Building

Appliances Refrigerator, Stove
ExteriorFinish Vinyl
FlooringType Laminate
FoundationType Concrete
HeatingType Hot Water
StoriesTotal 3
TotalFinishedArea 3000 Sqft
Type Fourplex
UtilityWater Municipal Water

Land

AccessType Year-round Access
Acreage No
Sewer Municipal Sewage System
SizeIrregular 4143
SizeTotal 4143 Sqft
SizeTotalText 4143 Sqft

https://www.realtor.ca/real-estate/27779555/179-britain-street-saint-john

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Tim Somerville
Salesperson


Royal LePage Atlantic
71 Paradise Row
Saint John, New Brunswick E2K 3H6

Michael Dempsey
Salesperson


Royal LePage Atlantic
71 Paradise Row
Saint John, New Brunswick E2K 3H6

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