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54-56 Wright Street
Saint John New Brunswick , E2K3Z2 , Canada
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$497,000.00
MLS® NB112218
Investment
Lot Size: 6997 Square Feet
Remarks:
Welcome to 54-56 Wright Street! Centrally located, this 6-unit property is a fantastic investment with strong financials. The building features five two-bedroom units renting for $950, $950, $1,050, $1,095, and $1,150, along with one one-bedroom unit renting for $975. Situated on the bus route, close to Rockwood Park, and offering easy access to the highway, this property is conveniently located near many amenities. The total rental income is approximately $74,040. Estimated expenses include garbage at $1,905, taxes at $5,628, insurance at $3,519, water and sewer at $4,779, and heat at $9,252, bringing total expenses to approximately $25,083. This results in an estimated net income of $48,957. With very few 6-unit buildings available, this affordable option is a valuable addition to any investment portfolio. (id:7526)

Property Features:
  • Access Type: Year-round access
  • Equipment Type: Water Heater
  • Features: Level lot , Sloping
  • Landscape Features: Landscaped
  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Rental Equipment Type: Water Heater
  • Sewer: Municipal sewage system
Building Features:
  • Appliances: Refrigerator , Stove
  • Exterior Finish: Cedar shingles , Wood
  • Flooring Type : Carpeted , Laminate , Wood
  • Foundation Type: Concrete , Stone
  • Heating Fuel: Natural gas

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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