Welcome to 83 Somerset Street! This 2 family home is an excellent investment opportunity or ideal for owner occupancy. Featuring a 2-bedroom unit (previously rented for $1,500/month, now vacant) and a 3-bedroom unit rented for $1,450/month, the property generates a solid rental income of $35,400 annually. With off-street parking, electric heating, and two energy-efficient heat pumps, tenants are responsible for their own heat and electricity, keeping expenses low. Approximate annual expenses include $2,400 for insurance, $2,856 for water/sewage, $1,800 for heat pump and water heater rentals, and $4,094 in taxes (non-owner occupied). Approximate net income $24,250. Call to book today! (id:374)
MLS# | NB107553 |
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Listing Type | For Sale |
Style | Town House |
Status | Active |
Days On Site | 29 |
Listing Provided By | KELLER WILLIAMS CAPITAL REALTY | Taneesha Dalling |
Basement | Y |
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Units | 2 |
Acreage | 895.00 |
Province | NB |
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City | Saint John |
Postal Code | E2K2X5 |
Listing VS Median (in E2K2X5) | |
Price: $199,000 low | high Med: $0 On Site: 29 low | high Med: |