$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:31622)

Property Details

MLS® Number	NB118605
Property Type	Multi-family
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

https://www.realtor.ca/real-estate/28319325/203-queen-street-w-saint-john