Fantastic Investment Opportunity! This 5-unit multi-family property is located in a prime West Side location of Saint John, right on the bus route and within walking distance of grocery stores, drugstores, shopping centers, restaurants, and coffee shops, making it highly attractive to tenants. The property consists of 3 one-bedroom units and 2 two-bedroom units, one of which includes an additional den. The current rental income is $53,160 annually, well below market value. Even with rental increases for two units starting on September 1, the annual income will only rise to $53,832 per year. With an estimated potential of $70,000 per year, this property offers significant upside for investors. Total annual expenses are $17,823. This property is being sold as-is, presenting an excellent opportunity for those looking to maximize rental income and build long-term equity. Dont miss out on this solid investmentbook a showing via TouchBase now! (id:27476)
