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
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
Ownership
Freehold
Features
Level lot, Sloping
Appliances
Refrigerator, Stove, Washer, Dishwasher, Dryer
Heat Source
Electric
Heat Type
Baseboard heaters
Foundation Details
Concrete
Number Of Floors In Building
1
Water Source
Municipal water
Access To Property
Year-round access, Public Road
Sewer
Septic System
