319 King Street West Saint John, New Brunswick E2M 1S8
$600,000
Excellent Investment Opportunity in a High-Demand Area! This solid 5-unit multi-family property offers incredible potential with four spacious 2-bedroom units and one 3-bedroom unit. Located in a highly sought-after area, this property is steps away from a bus stop, ensuring easy access to transportation. Current rents are well below market value, presenting a huge opportunity for increased revenue. Each unit features separate electrical meters, giving tenants control over their own utilities. Additionally, a brand-new propane furnace was installed in 2023 at a cost of $16,000, a significant upgrade for efficiency and comfort. While the exact unit sizes are unknown due to tenant occupancy, each unit offers generous living space. The square footage listed is an estimate and not an actual measurementbuyers should verify all dimensions independently. Income: 59,820; potential income can go above 90,000 expenses: Insurance:957; Water/Sewage:3,072; Garbage:1,850; Heating:7,159; light:3,451; Taxes:3,601; Total:20,090 Net income: 39,730; potential net income goes to 70,000+ A brand new propane furnace was installed in 2023 that cost $16,000. The roof is roughly 10 years old. Dont miss out on this fantastic investmentschedule a viewing today! (id:23389)
Property Details
| MLS® Number | NB112953 |
| Property Type | Multi-family |
| Equipment Type | Propane Tank |
| Rental Equipment Type | Propane Tank |
Building
| Exterior Finish | Vinyl |
| Fireplace Present | No |
| Heating Fuel | Electric, Propane |
| Total Finished Area | 4000 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 4564 |
| Size Total | 4564 Sqft |
| Size Total Text | 4564 Sqft |
https://www.realtor.ca/real-estate/27940077/319-king-street-west-saint-john
Interested?
Contact us for more information
Matt Rongbo Zhao
Salesperson
101-29 Victoria Street
Moncton, New Brunswick E1C 9J6
(506) 870-8888
(506) 877-1277
www.platinumatlanticrealty.com/
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 The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Saint John Real Estate Board Inc
Platinum Atlantic Realty Inc.
March 31 2025 06:56:58
