Saint John, NB E2M5H6,2144,2149 Ocean Westway
Saint John, NB E2M5H6,2144,2149 Ocean Westway
Saint John, NB E2M5H6,2144,2149 Ocean Westway
Saint John, NB E2M5H6,2144,2149 Ocean Westway
Saint John, NB E2M5H6,2144,2149 Ocean Westway
Saint John, NB E2M5H6,2144,2149 Ocean Westway
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Kevin Hollohan

Kevin Hollohan

+1(506) 447-2896
$ 3,800,000
Est. payment | /mo

9,500 SqFt

Save
$ 3,800,000
Est. payment | /mo
Save

9,500 SqFt

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 9,500 sqft

Price per Sqft $400

MLS® Listing ID NB128372

Lot Size 3.270 Acres

Acres 3.27

Property Sub-Type Freehold

Property Description

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:24570)

Location

Province NB

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters,

Flooring Vinyl

Exterior

Parking Features No

View Y/N No

Private Pool No

Building

Lot Description Landscaped

Story 1

Sewer Septic System

Others

Ownership Freehold

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Listed by Royal LePage Atlantic

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Kevin Hollohan

+1(506) 447-2896

kevin@506realty.ca

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