$340,000

Triplex for Sale in Saint John West! This income-producing three-unit property offers a strong ROI addition to any real estate investment portfolio and in the last 8 years there has been many upgrades IE: New ROOF, New WINDOWS, ELECTRICAL along with new flooring and much more, this property is definitely worth a look. Located on Saint John's West Side, 181 Duke Street West features three spacious 3-bedroom units with current rents of $1,135/month, $1,450/month, and $1,645/month. Tenants pay their own electricity, helping keep operating costs manageable. Gross annual rental income is $50,760. Based on the April 1, 2024 to March 31, 2025 operating period, annual expenses include property taxes of $4,645, insurance of $2,889.67, maintenance of $2,296.35, electricity of $1,974.14, and water/sewer of $4,284, for total annual expenses of approximately $16,089 and a net operating income of approximately $34,671. The property is serviced by municipal water and sewer and offers a low-maintenance setup for investors looking to expand their holdings. Conveniently located close to Uptown Saint John, shopping, schools, public transit, and major amenities, this is an excellent opportunity to own a well-performing multi-family property in a strong rental area. Whether you're a seasoned investor or looking to purchase your first income property, 181 Duke Street West is worth a closer look. (id:64343)

Property Details

MLS® Number	NB140357
Property Type	Multi-family
Equipment Type	None
Rental Equipment Type	None

Building

Appliances	Refrigerator, Stove
Basement Type	Crawl Space
Exterior Finish	Wood
Flooring Type	Tile, Wood
Foundation Type	Stone
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Size Interior	1,000 Sqft
Total Finished Area	1000 Sqft
Type	Triplex
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	5005
Size Total	5005 Sqft
Size Total Text	5005 Sqft

https://www.realtor.ca/real-estate/29832009/181-duke-st-west-saint-john