Property Information:
Welcome to 64 St. John Street! This spacious three-unit property is an excellent opportunity for investors. Each tenant pays their own heat and electricity, and the property boasts generously sized units with a very low vacancy rate. Conveniently located near the highway and various amenities, this building offers both practicality and potential. Recent renovations have been completed, and the numbers speak for themselves: the property includes two 2-bedroom units and one 3-bedroom unit. The rental income is as follows: $725 and 2 units at $1,145, for a total annual rental income of approximately $36,180. The estimated expenses are: Insurance: $1,390, Property taxes: $3,391, Water and sewer: $2,291, Electricity: $520. This totals approximately $7,588 in annual expenses, leaving an estimated net income of $28,592. This property is well worth a closer lookdont miss this fantastic investment opportunity! (id:27)
Building Features:
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Style:
Multiplex
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Building Type:
Triplex
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Basement Type:
Crawl space
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Exterior Finish:
Cedar shingles, Vinyl
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Flooring Type:
Laminate
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Foundation Type:
Concrete, Stone
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Total Finished Area:
2400 sqft
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Heating Type:
Baseboard heaters
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Heating Fuel:
Electric
