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183 Main Street Saint John, New Brunswick E2K 1H7

Hot Water

$360,000

Check out this 3 storey, 8 Unit Multi Family Rental located at 183 Main Street/8 Elgin Street in Saint John, NB (2 addresses, same PID, must be sold together). 8 Elgin street has 2 units, a 3 bedroom and a 4 bedroom unit. The 4 bedroom unit rents for $880 w/ tenant of 5+ years, available parking and laundry hook-ups. The 3 bedroom unit is empty but will rent for $1250, available parking and laundry hookups. Oil - $6000, Tennant Power - $2040, Building Power - $1800, Water - $1500, Insurance - $1665 (Insurance is high due to no insurance for 10+ years, should come down next year). 2083 SQFT. Oil tank in basement, 6 years old, double lined. Annual rental income = $25,560. 183 Main Street has 6 units, one 1 bedroom unit and five 2 bedroom units. Apt 1 (1 bedroom) rents for $740 w/ tenant of 10+ years, Apt. 2 (2 bedroom) rents for $740 w/ tenant of 10+ years, Apt 3 (2 bedroom) rents for $880 w/ a tenant of 10+ years, Apt 4 (2 bedroom) is empty but will rent for $1050, Apt 5 (2 bedroom) rents for $840 w/ a tenant of 5+ years, Apt 6 is empty but will rent for $1150. Tenant power - $15600, Water - $3000, Taxes - $2874.23, Building Power - $1500, Garbage - $500, Insurance - $3330 (insurance is high due to no insurance for 10+ years, should go down next year). 5700 SQFT. Annual rental income = $64,800 ALL TENANTS ARE MONTH-MONTH. (id:27750)

Property Details

MLS® Number NB074148
Property Type Multi-family
Equipment Type Water Heater
Rental Equipment Type Water Heater

Building

Exterior Finish Vinyl
Heating Fuel Electric, Oil
Heating Type Hot Water
Roof Material Tar & Gravel
Roof Style Unknown
Total Finished Area 7738 Sqft
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 6049.32
Size Total 6049.32 Sqft
Size Total Text 6049.32 Sqft

https://www.realtor.ca/real-estate/24537868/183-main-street-saint-john

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