2144, 2149 Ocean Westway,Saint John, NB E2M5H6
Saint John, NB E2M5H6
Description
Welcome to 2144 and 2149 Ocean Westway, a fantastic investment opportunity featuring 19 fully renovated one-level, units ideal for professional workers. 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:13843)
Details
| MLS # | NB136310 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 142 |
| Listing Provided By | Royal LePage Atlantic | Tim Somerville |
Features
| SQ Feet | 9,500 |
|---|---|
| Story(s) | 1 |
| Units | 19 |
| Acreage | 3.27 |
Exterior
| Lot Features | Level lot, Sloping |
|---|
Taxes
| Tax Annual Amount | 21984 |
|---|
Area Information
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2M5H6 |
| Listing VS Median (in E2M5H6) | |
Price: $3,800,000 low | high Med: $3,800,000 sqft: 9,500 low | high Med: 9,500 $ / sqft: $400 low | high Med: $400 On site: 142 low | high Med: 142 | |
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Learn More About This Property
| Province | NB |
|---|---|
| City | Saint John |
| Postal Code | E2M5H6 |
| Listing VS Median (in E2M5H6) | |
Price: $3,800,000 low | high Med: $3,800,000 sqft: 9,500 low | high Med: 9,500 $ / sqft: $400 low | high Med: $400 On site: 142 low | high Med: 142 | |