Investment property 22 Mecklenburg Saint John, NB MLS® NB036499

$600,000.00
Posted over a month ago
22 Mecklenburg St, Saint John, NB E2L 1P6, Canada(View Map)
  • Bedrooms
    6+
  • Bathrooms
    6+

Description

ID#:NB036499 Welcome to Uptown living! This 9-unit is a great investment property that consists of 4-1 bedroom units, 4-2 bedroom units and 1-3 bedroom unit. Plenty of off-street parking, garage, fantastic location and has had many updates through recent years. Rents are low but could easily be higher. Rents are: 2 @ $690, $710, 2 @ $750, $775, 2 @ $860 and $1125. Total rental Income income- $86, 280. Expenses are: Water/sewer- $9288, taxes- $9033, heat-$20,353, snow/garbage- $2016 and insurance- $1700. Approx total expenses- $47, 765, Approx net income- $38,515. Solid building in Uptown Saint John that is worth a look!

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