203 Queen Street W Saint John, New Brunswick E2M 2C7
$325,000
Welcome to 203 Queen Street West! Conveniently located near a park with easy access to the highway and situated on a bus route, this three-unit income property sits on a generously sized lot with a spacious yard. Its a solid investment opportunity with strong financials. The building includes two 1-bedroom units and one 4-bedroom unit, making it ideal for an owner-occupier or as a full investment property. Current rents are $895, $943.50, and $1,095, for a total annual rental income of $35,202. Approximate annual expenses are as follows: Insurance: $1,330 Water & Sewer: $2,783 Electricity: $620 Property Taxes: $3,886 Total Expenses: $8,619 Approximate Net Income: $26,583. Tenants are responsible for their own heat and electricity. (id:61805)
Property Details
| MLS® Number | NB118605 |
| Property Type | Multi-family |
| Neigbourhood | Fundy Heights |
| Equipment Type | Water Heater |
| Features | Level Lot |
| Rental Equipment Type | Water Heater |
Building
| Exterior Finish | Vinyl |
| Flooring Type | Wood |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Total Finished Area | 1800 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Irregular | 5145 |
| Size Total | 5145 Sqft |
| Size Total Text | 5145 Sqft |
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May 15 2025 07:15:05
New Brunswick Real Estate Board
Royal LePage Atlantic