116-118 Lancaster Street, Saint John

$199,900

0 Beds

0 Baths

1,980 Sqft

.03 Acres

BACK ON MARKET DUE TO FINANCING. Welcome to 116118 Lancaster Street, a well-maintained duplex on Saint Johns west side. Each spacious unit features 3 bedrooms, a full bathroom, and a functional kitchen, with plenty of natural light throughout. Both units also offer in-unit laundry hookups conveniently located at the back of each space. This property presents an excellent investment opportunity with current rental income of $1,075 for Unit 116 and $1,110 for Unit 118, for a combined total of $2,185 per month. Tenants cover their own utilities, making this a straightforward, income-generating property. Situated close to schools, parks, shopping, and all west side amenities, this duplex is ideal for investors or owner-occupiers seeking both affordability and steady returns. Expenses: *Water heater rental - $354/year* Insurance: $1842. Taxes: $4641. Water/Sewage: $2887.Total Expenses - 9724. Total Income $25800 - Expenses = Net Income $16076. Both Tenants are Month to Month. (id:6289)

Essential Information

Listing #NB125599

Price$199,900

Bathrooms0.00

Square Footage1,980

Acres0.03

TypeMulti-family

Sub-TypeFreehold

Community Information

Address116-118 Lancaster Street

CitySaint John

ProvinceNew Brunswick