815 Main Street Blacks Harbour, New Brunswick E5H 1E5
$350,000
Welcome to 815 Main Street! This spacious 4-unit property features hardwood floors, electric heating, a detached 2-car garage, and two bedrooms in each unit. Each unit also includes laundry hook-ups, and the property comes with a full basement for additional storage. The rental income is impressive, with Unit C renting for $675 to a long-term tenant of 30 years, Unit D at $1,200, Unit B set to rent for $1,500 starting January 1st, and Unit A, currently owner-occupied, also at $1,500. This brings the approximate annual rental income to $58,500. Expenses are estimated at $3,500 for insurance, $1,710 for water and sewer, and $3,326 for taxes, totaling approximately $8,536 annually. With these expenses accounted for, the propertys net income is estimated at $49,964 per year. This building offers excellent financial potential. While some upgrades are needed, the numbers make it a worthwhile investment. Please note, the property is being sold ""as is, where is"" on closing, and no disclosure will be provided. (id:55272)
Property Details
| MLS® Number | NB109877 |
| Property Type | Multi-family |
| EquipmentType | Water Heater |
| Features | Level Lot |
| RentalEquipmentType | Water Heater |
Building
| Appliances | Refrigerator, Stove |
| ConstructedDate | 1926 |
| ExteriorFinish | Vinyl |
| FlooringType | Ceramic, Wood |
| FoundationType | Concrete |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| TotalFinishedArea | 4000 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Land
| AccessType | Year-round Access |
| Acreage | No |
| LandscapeFeatures | Landscaped |
| Sewer | Municipal Sewage System |
| SizeIrregular | 13627 |
| SizeTotal | 13627 Sqft |
| SizeTotalText | 13627 Sqft |
https://www.realtor.ca/real-estate/27699977/815-main-street-blacks-harbour
Interested?
Contact us for more information
Tim Somerville
Salesperson
71 Paradise Row
Saint John, New Brunswick E2K 3H6
Michael Dempsey
Salesperson
71 Paradise Row
Saint John, New Brunswick E2K 3H6
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
December 11 2024 06:14:24
Saint John Real Estate Board Inc
Royal LePage Atlantic