35 Margaret Street, Saint John

This well-maintained and spacious 4-family property offers a fantastic investment opportunity with a solid rental history and low vacancy rate. Each unit is generously sized, providing comfortable living for tenants. Recent updates throughout the building enhance its appeal and reduce ongoing maintenance costs. The property features off-street parking, a nicely sized backyard for tenant enjoyment, and a convenient location close to shopping, dining, and the mall. Additional amenities include coin-operated laundry, adding extra income potential. Whether you're an experienced investor or just starting your portfolio, this property is a smart, stable choice with strong cash flow potential. Total rental income $54,000 & laundry income $2880. Total income $56,880. Approx. expenses- Insurance-$1900, water/sewer- $2700, Heat $5800, Taxes $6726,56. Approx. total expenses - $17,126,56 APPROX. NET INCOME- $39,753. Rents are $750, $1100, $1200, and $1450. Property taxes reflect non owner occupied. (id:6289)

Essential Information

Listing #NB120279

Price$399,900

Bathrooms0.00

Acres0.12

Year Built1951

TypeMulti-family

Community Information

Address35 Margaret Street

CitySaint John

ProvinceNew Brunswick

Postal CodeE2J2M7

Amenities

FeaturesBalcony/Deck/Patio

Interior

HeatingOil Hot Water

# of Stories1

Appliances

Refrigerator, Stove, Washer, Dryer

Exterior

ExteriorVinyl

Exterior FeaturesLandscaped

FoundationConcrete

Listing Details

OfficeKeller Williams Capital Realty

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