35 Margaret Street Saint John, New Brunswick E2J 2M7
$399,900
This well-maintained and spacious 4-family property offers a fantastic investment opportunity with a solid rental history and low vacancy rate. Each unit is generously sized, providing comfortable living for tenants. Recent updates throughout the building enhance its appeal and reduce ongoing maintenance costs. The property features off-street parking, a nicely sized backyard for tenant enjoyment, and a convenient location close to shopping, dining, and the mall. Additional amenities include coin-operated laundry, adding extra income potential. Whether you're an experienced investor or just starting your portfolio, this property is a smart, stable choice with strong cash flow potential. Total rental income $54,000 & laundry income $2880. Total income $56,880. Approx. expenses- Insurance-$1900, water/sewer- $2700, Heat $5800, Taxes $6726,56. Approx. total expenses - $17,126,56 APPROX. NET INCOME- $39,753. Rents are $750, $1100, $1200, and $1450. Property taxes reflect non owner occupied. (id:19018)
Property Details
| MLS® Number | NB120279 |
| Property Type | Multi-family |
| Features | Balcony/deck/patio |
Building
| Appliances | Refrigerator, Stove, Washer, Dryer |
| Constructed Date | 1951 |
| Exterior Finish | Vinyl |
| Flooring Type | Ceramic, Laminate |
| Foundation Type | Concrete |
| Heating Fuel | Oil |
| Heating Type | Hot Water |
| Stories Total | 1 |
| Total Finished Area | 2300 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Irregular | 5253 |
| Size Total | 5253 Sqft |
| Size Total Text | 5253 Sqft |
https://www.realtor.ca/real-estate/28463193/35-margaret-street-saint-john
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June 13 2025 11:50:29
Saint John Real Estate Board Inc
Keller Williams Capital Realty
