Saint John, NB E2M2C7 203 Queen Street W

Welcome to 203 Queen Street West! Conveniently located near a park with easy access to the highway and situated on a bus route, this three-unit income property sits on a generously sized lot with a spacious yard. Its a solid investment opportunity with strong financials. The building includes two 1-bedroom units and one 4-bedroom unit, making it ideal for an owner-occupier or as a full investment property. Current rents are $895, $943.50, and $1,095, for a total annual rental income of $35,202. Approximate annual expenses are as follows: Insurance: $1,330 Water & Sewer: $2,783 Electricity: $620 Property Taxes: $3,886 Total Expenses: $8,619 Approximate Net Income: $26,583. Tenants are responsible for their own heat and electricity. (id:7434)