Blacks Harbour, NB E5H1E5 815 Main Street

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:7434)