$3,800,000

Welcome to 2144 and 2149 Ocean Westway, a fantastic investment opportunity featuring 19 fully renovated one-level, one-bedroom units ideal for professional workers and single tenants. The property is in excellent condition and situated in a desirable area, offering easy access to the highway and nearby amenities. With strong rental numbers and modern updates throughout, this like-new property offers impressive financials. The total annual rental income is $312,600, with units rented at varying rates: 2 at $ 1,100, 2 at $ 1,200, 1 at $ 1,250, 10 at $ 1,400, 2 at $ 1,500, and 2 at $ 1,600. Estimated annual expenses include $21,984 for taxes, $5600 for water and septic, $5000 for electricity, $10,301 for insurance, and $6986 for snow removal and garbage, totaling approximately $49,871. This results in an estimated net income of $262,729. For serious investors seeking a high-performing and low-maintenance property, this is well worth a closer look. (id:31622)

Property Details

MLS® Number	NB128372
Property Type	Multi-family
Equipment Type	None
Features	Level Lot, Sloping
Rental Equipment Type	None

Building

Appliances	Refrigerator, Stove, Washer, Dishwasher, Dryer
Exterior Finish	Vinyl, Wood
Flooring Type	Vinyl
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	1
Size Interior	9,500 Ft2
Total Finished Area	9500 Sqft
Utility Water	Municipal Water

Land

Access Type	Year-round Access
Acreage	Yes
Landscape Features	Landscaped
Sewer	Septic System
Size Irregular	3.27
Size Total	3.27 Ac
Size Total Text	3.27 Ac

https://www.realtor.ca/real-estate/28978508/21442149-ocean-westway-saint-john