$3,800,000
2144,2149 Ocean Westway
Saint John, New Brunswick, E2M5H6
- Multi-family
- 9,500 sq ft
Listing brokerage: Royal LePage Atlantic · Co-listing brokerage: Royal LePage Atlantic
Listing REALTOR®: Tim Somerville, Salesperson · Brittany Donnelly
MLS® number: NB136310
Data provided by: New Brunswick
About this property
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:67706)
Details
- Property type
- Multi-family
- Ownership
- Freehold
- Units
- 19
- Living area
- 9,500 sq ft
- Lot size
- 3.27
- Storeys
- 1
- Heating
- Baseboard heaters, Electric
- Foundation
- Concrete
- Exterior
- Wood, Vinyl
- Flooring
- Vinyl
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer
- Water
- Municipal water
- Sewer
- Septic System
- Annual taxes
- $21,984
- MLS® number
- NB136310
Terms of use for listing information: by using this site you agree to these terms and the site Terms of Use.
This website is operated by Nick Badyal, a REALTOR® member of The Canadian Real Estate Association (CREA), with Century 21 Generation Real Estate Advisors (residential) and ONE Commercial Real Estate Advisors (commercial). Listings shown are New Brunswick MLS® listings from the REALTOR.ca DDF®; most are listed by other brokerages, and each listing names its listing brokerage.
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 CREA and identify the quality of services provided by real estate professionals who are members of CREA.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. REALTOR.ca Canada Inc. reproduces and distributes this information as a service for its members and neither CREA nor REALTOR.ca Canada Inc. assumes responsibility for its accuracy.
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
Listings are refreshed from the REALTOR.ca DDF® at least every 24 hours and listings that are no longer current are removed. Photos are displayed as supplied, without alteration. No listing content on this site is augmented.