64-74 Spring Street, Saint John

$1,250,000

0 Beds
0 Baths
5,300 Sqft
.32 Acres

Welcome to 64-74 Spring Street! This is a fantastic investment package that consists of 2-3 family units and a vacant lot used for parking (up to 8 spaces). With extensive renovations, this turn-key opportunity offers 4-3 bdrms units ($1500, 2@ $2050 and $1950), 1-1 bdrm ($1150) and 1-2brm ($1500). Total rental income- 122,400 ( owner unit could be rented higher). Quality throughout, 4 units offer 2 full bathrooms, solid number and is in pristine condition. Expenses are: Insurance - $5000, water/sewer - $1600, electricity $6000, taxes - $3260 and internet $5000. Total expenses $20,860. Approx. net income 101,540. All units could pay there own heat and lights. (Currently only one pays there own heat and lights) 2 sheds to remain. This is a rare find and is well worth a look (id:6289)

Essential Information
Listing #NB078907
Price$1,250,000
Bathrooms0.00
Square Footage5,300
Acres0.32
TypeMulti-family
Sub-TypeFreehold
Community Information
Address64-74 Spring Street
CitySaint John
ProvinceNew Brunswick
Postal CodeE2K3X5
Amenities
FeaturesLevel lot, Sloping
Interior
HeatingElectric Baseboard heaters
# of Stories3
Appliances

Refrigerator, Stove, Washer, Dishwasher, Dryer

Exterior
ExteriorMetal
RoofAsphalt shingle
Listing Details
OfficeROYAL LEPAGE ATLANTIC

Get directions to this property:

Sign up for email updates