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$ 525,000
Est. payment | /mo
6,997 Sqft Lot
$ 525,000
Est. payment | /mo
6,997 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID NB112218
Originating Board New Brunswick Real Estate Board
Lot Size 6,997 Sqft
Acres 6997.0
Property Sub-Type Freehold
Property Description
Welcome to 54-56 Wright Street! Centrally located, this 6-unit property is a fantastic investment with strong financials. The building features five two-bedroom units renting for $950, $950, $1,050, $1,095, and $1,150, along with one one-bedroom unit renting for $975. Situated on the bus route, close to Rockwood Park, and offering easy access to the highway, this property is conveniently located near many amenities. The total rental income is approximately $74,040. Estimated expenses include garbage at $1,905, taxes at $5,628, insurance at $3,519, water and sewer at $4,779, and heat at $9,252, bringing total expenses to approximately $25,083. This results in an estimated net income of $48,957. With very few 6-unit buildings available, this affordable option is a valuable addition to any investment portfolio. (id:24570)
Location
Province NB
Interior
Heating Hot Water,
Flooring Carpeted, Laminate, Wood
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Lot Description Landscaped
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by ROYAL LEPAGE ATLANTIC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "