259 Princess Street Saint John, New Brunswick E2L 1L4

$650,000

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:61805)

Property Details

MLS® Number	NB140012
Property Type	Multi-family
Neigbourhood	Parker's Corner
Equipment Type	None
Rental Equipment Type	None

Building

Appliances	Refrigerator, Stove, Washer, Dishwasher, Dryer
Basement Type	Full
Exterior Finish	Brick, Stucco
Flooring Type	Carpeted, Ceramic, Vinyl, Hardwood
Foundation Type	Concrete, Stone
Heating Fuel	Electric, Natural Gas
Heating Type	Baseboard Heaters, Hot Water
Stories Total	2
Size Interior	4,000 Sqft
Total Finished Area	4000 Sqft
Utility Water	Municipal Water

Land

Access Type	Year-round Access, Public Road
Acreage	No
Sewer	Municipal Sewage System
Size Irregular	4090
Size Total	4090 Sqft
Size Total Text	4090 Sqft