Welcome to 2144 and 2149 Ocean Westway, a fantastic investment opportunity featuring 19 fully renovated one-level, units ideal for professional workers. The property is in excellent condition and situated in a desirable area, offering easy access to the highway and nearby amenities. With strong rental numbers and modern updates throughout, this like-new property offers impressive financials. The total annual rental income is $312,600, with units rented at varying rates: 2 at $ 1,100, 2 at $ 1,200, 1 at $ 1,250, 10 at $ 1,400, 2 at $ 1,500, and 2 at $ 1,600. Estimated annual expenses include $21,984 for taxes, $5600 for water and septic, $5000 for electricity, $10,301 for insurance, and $6986 for snow removal and garbage, totaling approximately $49,871. This results in an estimated net income of $262,729. For serious investors seeking a high-performing and low-maintenance property, this is well worth a closer look. (id:4069)
Address
2144,2149 Ocean Westway
List Price
$3,800,000
Property Type
Multi-family
Type of Dwelling
Multi-family
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Saint John
Floor Area
9,500 Sq. Ft.
Lot Size
3.27 Sq. Ft.
MLS® Number
NB136310
Listing Brokerage
Royal LePage Atlantic
Postal Code
E2M5H6
Features
Level lot, Sloping
