54-56 Wright Street,Saint John, NB E2K3Z2
Saint John, NB E2K3Z2
Description
Welcome to 54-56 Wright Street! Centrally located, this 6-unit property is a fantastic investment with strong financials. The building features five two-bedroom units renting for $950, $950, $1,050, $1,095, and $1,150, along with one one-bedroom unit renting for $975. Situated on the bus route, close to Rockwood Park, and offering easy access to the highway, this property is conveniently located near many amenities. The total rental income is approximately $74,040. Estimated expenses include garbage at $1,905, taxes at $5,628, insurance at $3,519, water and sewer at $4,779, and heat at $9,252, bringing total expenses to approximately $25,083. This results in an estimated net income of $48,957. With very few 6-unit buildings available, this affordable option is a valuable addition to any investment portfolio. (id:13843)
Details
| MLS# | NB112218 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 83 |
| Listing Provided By | ROYAL LEPAGE ATLANTIC | Tim Somerville |
Features
| SQ Feet | 3,000 |
|---|---|
| Story(s) | 2 |
| Units | 6 |
| Acreage | 0.16 |
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Learn More About This Property
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2K3Z2 |
| Listing VS Median (in E2K3Z2) | |
Price: $497,000 low | high Med: $497,000 SqFt: 3,000 low | high Med: 3,000 $ / SqFt: $166 low | high Med: $166 On site: 83 low | high Med: 83.000000 | |