Off Carmarthen Street Welcome to 179 Britain Street! This spacious 4-unit property is nestled in the heart of Uptown Saint John's vibrant peninsula and offers approximately 3,000 square feet of living space. With off-street parking and a prime location, this property is close to everything Uptown has to offer, making it a fantastic investment opportunity. Uptown Saint John is known for its walkable streets, unique architecture, and central location, providing easy access to the rest of the city. The neighborhood boasts an exciting array of restaurants, cafes, markets and pubs and entertainment. This property currently has a very low vacancy rate and is fully occupied, generating consistent rental income. Current Rents: $700, $700, $995, and $1,500 Total Rental Income: $46,740 annually. Approximate Expenses: Insurance: $2,010 Heat: $4,660 Water/Sewer: $4,017 Electricity: $4,655 Taxes: $5,519 Approximate Total Expenses: $20,861 Approximate Net Income: $25,876 This solid investment property is well worth a look for anyone seeking steady income in an unbeatable location. *Please note that rent increase notices have been sent out for March for 3/4 units - $700-- $805, $700-- $805, $995-- $1144* (id:27476)
