815 Main Street Blacks Harbour, New Brunswick E5H 1E5
$350,000
Welcome to 815 Main Street! This spacious 4-unit property features hardwood floors, electric heating, a detached 2-car garage, and two bedrooms in each unit. Each unit also includes laundry hook-ups, and the property comes with a full basement for additional storage. The rental income is impressive, with Unit C renting for $675 to a long-term tenant of 30 years, Unit D at $1,200, Unit B set to rent for $1,500 starting January 1st, and Unit A, currently owner-occupied, also at $1,500. This brings the approximate annual rental income to $58,500. Expenses are estimated at $3,500 for insurance, $1,710 for water and sewer, and $3,326 for taxes, totaling approximately $8,536 annually. With these expenses accounted for, the propertys net income is estimated at $49,964 per year. This building offers excellent financial potential. While some upgrades are needed, the numbers make it a worthwhile investment. Please note, the property is being sold ""as is, where is"" on closing, and no disclosure will be provided. (id:41243)
Property Details
| MLS® Number | NB109877 |
| Property Type | Multi-family |
| EquipmentType | Water Heater |
| Features | Level Lot |
| RentalEquipmentType | Water Heater |
Building
| Appliances | Refrigerator, Stove |
| ConstructedDate | 1926 |
| ExteriorFinish | Vinyl |
| FlooringType | Ceramic, Wood |
| FoundationType | Concrete |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| TotalFinishedArea | 4000 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Land
| AccessType | Year-round Access |
| Acreage | No |
| LandscapeFeatures | Landscaped |
| Sewer | Municipal Sewage System |
| SizeIrregular | 13627 |
| SizeTotal | 13627 Sqft |
| SizeTotalText | 13627 Sqft |
https://www.realtor.ca/real-estate/27699977/815-main-street-blacks-harbour
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December 11 2024 06:14:24
Saint John Real Estate Board Inc
Royal LePage Atlantic