607-609 Ready, Saint John, E2M3S4

Home Overview

Description

CAP RATE of about 7. This 4-Plex with tenants paying heat, lights and water heating is the optimal setup!. The bldg is in a popular West Side location, across from Moosehead Brewery, just below Main st and just above the busy commercial landscape of Fairville Blvd. Ample Off street parking, easy access to highway east and west exits, laundry hook-ups, elec heat, each unit with a private meter entrance, and last but not least, a spacious backyard offering kids a safe haven to play. Check out the numbers ; rents: apt 607, $1,600 (4 bedr), $1648 next June, apt 609, $1,605 (4 bedr), $1653 next Feb, apt 609.5, $830 (2 bedr), $854 next Feb, and apt 607.5, $665 (1 bedr), $684 next Feb, for a yearly total of $56,400 currently; expenses: 2025 prop tax $4,098, 2024 water $2,414, 2024 HW tanks rental $707, current insurance $1,735, garbage (by City). And with such a huge lot of 9495 sqft, you may inquire with the City about adding more units. All info and measurements to be verified by purchaser prior to closing. (id:39198)

7 days

On Market

Multi-family

Property Type

$0 / Year

Est. Taxes

Fourplex

Style

-

Garage

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Basement