569-571 Harding Street West Saint John, New Brunswick E2M 3M2
$459,000
Fantastic Investment Opportunity! This 5-unit multi-family property is located in a prime West Side location of Saint John, right on the bus route and within walking distance of grocery stores, drugstores, shopping centers, restaurants, and coffee shops, making it highly attractive to tenants. The property consists of 3 one-bedroom units and 2 two-bedroom units, one of which includes an additional den. The current rental income is $53,160 annually, well below market value. Even with rental increases for two units starting on September 1, the annual income will only rise to $53,832 per year. With an estimated potential of $70,000 per year, this property offers significant upside for investors. Total annual expenses are $17,823. This property is being sold as-is, presenting an excellent opportunity for those looking to maximize rental income and build long-term equity. Dont miss out on this solid investmentbook a showing via TouchBase now! (id:55272)
Property Details
| MLS® Number | NB112783 |
| Property Type | Multi-family |
Building
| Appliances | Refrigerator, Stove |
| ConstructedDate | 1950 |
| ExteriorFinish | Vinyl |
| HeatingFuel | Electric |
| TotalFinishedArea | 2000 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Year-round Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeIrregular | 446 |
| SizeTotal | 446 M2 |
| SizeTotalText | 446 M2 |
https://www.realtor.ca/real-estate/27929190/569-571-harding-street-west-saint-john
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Matt Rongbo Zhao
Salesperson
101-29 Victoria Street
Moncton, New Brunswick E1C 9J6
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March 31 2025 06:56:59
Saint John Real Estate Board Inc
Platinum Atlantic Realty Inc.