2149 Ocean Westway #2144

For Sale New 5 Days
$3,800,000
beds
baths
9,500 Sqft

2149 Ocean Westway #2144

For Sale New 5 Days
$3,800,000
beds
baths
9,500 Sqft

Highlights

Key insights

Description

Welcome to 2144 and 2149 Ocean Westway, a fantastic investment opportunity featuring 19 fully renovated one-level, one-bedroom units ideal for professional workers and single tenants. 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:63267)

Tim Somerville of Royal LePage Atlantic,
#NB128372
updated 5 days ago.
Houseful checked MLS® for data 5 days ago.

Home overview

Amenities / Utilities
  • Heat source
    Electric
  • Heat type
    Baseboard heaters
  • Sewer/ septic
    Septic system
Exterior
  • # total stories
    1
Interior
  • Flooring
    Vinyl
Location
  • Directions
    2078131
Lot/ Land Details
  • Lot desc
    Landscaped
  • Lot dimensions
    3.27
Overview
  • Lot size (acres)
    3.27
  • Building size
    9500
  • Listing #
    Nb128372
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28978508/21442149-ocean-westway-saint-john
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-10,133

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25 Years fixed, 20% down payment, % interest
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