Welcome to 259 Princess Street! Located in uptown Saint John, this 6-unit building has had some updates but is still in need of some updates. This brick investment building offers 5- 1 bedroom units and 1 - 2 bedroom unit. Heated mostly with natural gas, this property offers plenty of character, high ceilings and a common laundry room. This property is walking distance to everything uptown and has the ability to be a great investment property to add to your portfolio. Rents are: $1,200, $1,350, $1,400, $1,450, $1,450 and $1,500. Total rental income = $100,200. Approximate expenses are: taxes - $10,665, insurance - $5,468, water/sewer - $2,164, electricity - $787, and heat - $11,002. Approximate total expenses = $30,086. Approximate net income - $70,114.00 (id:4069)
Address
259 Princess Street
List Price
$650,000
Property Type
Multi-family
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Saint John
Floor Area
4,000 Sq. Ft.
Lot Size
4090 Sq. Ft.
MLS® Number
NB140012
Listing Brokerage
Royal LePage Atlantic
Basement Area
Full
Postal Code
E2L1L4
Ownership
Freehold
Appliances
Refrigerator, Stove, Washer, Dishwasher, Dryer
Heat Source
Electric, Natural gas
Heat Type
Baseboard heaters, Hot Water
Foundation Details
Concrete, Stone
Number Of Floors In Building
2
Water Source
Municipal water
Access To Property
Year-round access, Public Road
Sewer
Municipal sewage system
