54-56 Wright Street Saint John, New Brunswick E2K 3Z2

$525,000

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:53560)

Property Details

MLS® Number	NB112218
Property Type	Multi-family
Equipment Type	Water Heater
Features	Level Lot, Sloping
Rental Equipment Type	Water Heater

Building

Appliances	Refrigerator, Stove
Exterior Finish	Cedar Shingles, Wood
Flooring Type	Carpeted, Laminate, Wood
Foundation Type	Concrete, Stone
Heating Fuel	Natural Gas
Heating Type	Hot Water
Stories Total	2
Total Finished Area	3000 Sqft
Utility Water	Municipal Water

Land

Access Type	Year-round Access
Acreage	No
Landscape Features	Landscaped
Sewer	Municipal Sewage System
Size Irregular	6997
Size Total	6997 Sqft
Size Total Text	6997 Sqft

https://www.realtor.ca/real-estate/27881979/54-56-wright-street-saint-john