Income property. 3 unit. Fully rented. $12,312 net income

$154,000.00
Posted over a month ago
98 Prince St, Saint John, NB E2M 1P1, Canada(View Map)
  • Bedrooms
    6+
  • Bathrooms
    3

Description

These units are never vacant. Private yard and great access to highway. Vinyl siding means no maintenance outside and the full basement offers plenty of storage space. Tenants pay their own electricity. Unit 1 is a 2 bedroom with a huge living room and large kitchen, full dining room, large master bedroom, and comfortable second bedroom. Flooring is hardwood and ceramic throughout. Laundry hookups right in the unit. Unit 2 is a huge 3 bedroom featuring a huge living room, dining room, large kitchen, three comfortable bedrooms, and a large storage room. Laundry hookups in the unit. Unit 3 is a 2 bedroom with a large kitchen and living room as well as laundry hook up in the unit and a private deck.

Rental income is $30,600 with expenses of $18,288 giving net income of $12,312. Earn a CAP of 8% on the asking price of $154,000.

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