NB
Saint John
E2K3Z2
54-56 Wright Street
54-56 Wright Street, Saint John, NB E2K3Z2
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Listing Type
Multi Family
Listing Status
active
39
$497,000

Home Details for 54-56 Wright Street

Price
$497,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Parking
Days on site
231
Listing #
27881979
Property Description

Welcome to 54-56 Wright Street! Centrally located, this 6-unit property is a fantastic investment with strong financials. The building features five two-bedroom units renting for $950, $950, $1,050, $1,095, and $1,150, along with one one-bedroom unit renting for $975. Situated on the bus route, close to Rockwood Park, and offering easy access to the highway, this property is conveniently located near many amenities. The total rental income is approximately $74,040. Estimated expenses include garbage at $1,905, taxes at $5,628, insurance at $3,519, water and sewer at $4,779, and heat at $9,252, bringing total expenses to approximately $25,083. This results in an estimated net income of $48,957. With very few 6-unit buildings available, this affordable option is a valuable addition to any investment portfolio. (id:31684)

Property Features
  • Heating Information
    • Hot Water
    • Natural Gas
Listing Courtesy: ROYAL LEPAGE ATLANTIC
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Median Listing Price
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Market statistics compiled from data from Canadian Real Estate Association.
EXIT REALTY ASSOCIATES
260 Champlain St, Dieppe, NB E1A 1P3
Nicole LeBlanc
License #: 170377
Sales Rep.
Office
506-382-3948
Agent
506 381 2192
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