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$ 3,800,000
Est. payment | /mo
9,500 SqFt
$ 3,800,000
Est. payment | /mo
9,500 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 9,500 sqft
Price per Sqft $400
MLS® Listing ID NB128372
Lot Size 3.270 Acres
Acres 3.27
Property Sub-Type Freehold
Source New Brunswick Real Estate Board
Property Description
Welcome to 2144 and 2149 Ocean Westway, a fantastic investment opportunity featuring 19 fully renovated one-level, one-bedroom units ideal for professional workers and single tenants. 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:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,
Flooring Vinyl
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Lot Description Landscaped
Story 1
Sewer Septic System
Others
Ownership Freehold
Listed by Royal LePage Atlantic
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Nest Real Estate Group
Real Estate Team | License ID: 139039