319 King Street West

Saint John E2M 1S8

Excellent Investment Opportunity in a High-Demand Area! This solid 5-unit multi-family property offers incredible potential with five spacious 2-bedroom units. Located in a highly sought-after area, this property is steps away from a bus stop, ensuring easy access to transportation. Current rents are well below market value, presenting a huge opportunity for increased revenue. Each unit features separate electrical meters, giving tenants control over their own utilities. Additionally, a brand-new propane furnace was installed in 2023 at a cost of $16,000, a significant upgrade for efficiency and comfort. While the exact unit sizes are unknown due to tenant occupancy, each unit offers generous living space. The square footage listed is an estimate and not an actual measurementbuyers should verify all dimensions independently. Income: 59,820; potential income can go above 90,000 expenses: Insurance:957; Water/Sewage:3,072; Garbage:1,850; Heating:7,159; light:3,451; Taxes:3,601; Total:20,090 Net income: 39,730; potential net income goes to 70,000+ A brand new propane furnace was installed in 2023 that cost $16,000. The roof is roughly 10 years old. Dont miss out on this fantastic investmentschedule a viewing today! (id:2493)