79 Summer Street Saint John, New Brunswick E2K 3Y1
$697,500
Welcome to 79 Summer Street! Conveniently located near the bus route with easy highway access, this 5-unit building offers excellent investment potential with very low vacancy. The property features electric heat, good-sized units, plenty of off-street parking, and solid financials. Situated on a quiet street, the building has seen many recent updates and is well worth a look! Current rents: $1,000, $1,200, $1,250, $1,395, and $1,865. Total rental income: $80,520 annually. Approximate expenses: Insurance: $3,511 Heat/Electricity: $15,024 Water/Sewer: $2,986 Property Taxes: $7,332 Snow Removal: $740. Total Approximate Expenses: $29,593 Approximate Net Income: $50,927 (id:55272)
Property Details
| MLS® Number | NB118865 |
| Property Type | Multi-family |
| EquipmentType | Water Heater |
| Features | Level Lot |
| RentalEquipmentType | Water Heater |
Building
| Appliances | Refrigerator, Microwave, Stove, Washer, Dishwasher, Dryer |
| CoolingType | Heat Pump |
| ExteriorFinish | Vinyl, Wood |
| FlooringType | Laminate, Vinyl, Wood |
| FoundationType | Concrete |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters, Heat Pump |
| TotalFinishedArea | 9800 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Year-round Access |
| Acreage | No |
| LandscapeFeatures | Landscaped |
| Sewer | Municipal Sewage System |
| SizeIrregular | 12206 |
| SizeTotal | 12206 Sqft |
| SizeTotalText | 12206 Sqft |
https://www.realtor.ca/real-estate/28335721/79-summer-street-saint-john
Interested?
Contact us for more information
Tim Somerville
Salesperson
71 Paradise Row
Saint John, New Brunswick E2K 3H6
Nicholas Garnett
Salesperson
71 Paradise Row
Saint John, New Brunswick E2K 3H6
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May 20 2025 04:42:46
Saint John Real Estate Board Inc
Royal LePage Atlantic