Welcome to 570 Tartan Street, a well-maintained 6-unit apartment building offering strong rental income, quality upgrades, and dependable returns. This property features five 2-bedroom units and one 1-bedroom unit, with five units currently rented: Unit #1 at $1,250, Unit #2 at $1,400, Unit #3 at $1,450, Unit #4 at $1,550, and Unit #6 at $1,600. Unit #5 is currently vacant and advertised at $1,450. Updates include a new roof and ventilation system, a high-efficiency furnace, and basement improvements with new structural posts and proper drainage. The building is in excellent condition with responsible tenants and is located near shopping, transit, and essential amenities. The property generates $85,931.32 in rental income and $3,776 from coin-operated laundry, totaling $89,707.32 annually, with expenses of $45,063.92 and a net income of $44,643.40making this a smart, turn-key investment opportunity. (id:19018)
MLS® Number | NB118625 |
Property Type | Multi-family |
Neigbourhood | Pokiok |
Equipment Type | None |
Rental Equipment Type | None |
Constructed Date | 1972 |
Exterior Finish | Vinyl |
Foundation Type | Concrete |
Heating Fuel | Natural Gas |
Heating Type | Baseboard Heaters, Hot Water |
Stories Total | 2 |
Total Finished Area | 6300 Sqft |
Utility Water | Municipal Water |
Acreage | No |
Sewer | Municipal Sewage System |
Size Irregular | 16027 |
Size Total | 16027 Sqft |
Size Total Text | 16027 Sqft |
https://www.realtor.ca/real-estate/28349801/570-tartan-street-saint-john
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