79 Summer Street, Saint John

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:6289)

Essential Information

Listing #NB118865

Price$697,500

Bathrooms0.00

Acres0.28

TypeMulti-family

Sub-TypeFreehold

Community Information

Address79 Summer Street

CitySaint John

ProvinceNew Brunswick

Postal CodeE2K3Y1

Amenities

FeaturesLevel lot

Interior

CoolingHeat Pump

Appliances

Refrigerator, Microwave, Stove, Washer, Dishwasher, Dryer

Heating

Electric Baseboard heaters, Heat Pump

Exterior

ExteriorVinyl, Wood

Exterior FeaturesLandscaped

FoundationConcrete

Listing Details

OfficeRoyal LePage Atlantic

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