80 Mecklenburg Street Saint John, New Brunswick E2L 1R1
$449,000
A fine investment property to all investors. For a home owner, MOVE-in Ready, to live rent-free in a fine apartment with rental opportunities. Welcome to this newly renovated triplex in the heart of Uptown Saint John offering you strong rental income potential and modern convenience. This turn-key property features three units, including all renovated suitesUnit 1 (3 bed) and Unit 2 (3 bed) each equipped with a set of washer, dryer, fridge, stove, and dishwasher, making them ideal for OWNER-occupancy or attracting quality tenants with a fresh start; Unit 3 (1 bed) includes a fridge, stove, and dishwasher. The property in 2024 generated a total monthly rental income of $4,900 in 2024, with Unit 1 (a spacious 3-bedroom, 2-bath) rented at $2,250, Unit 2 (a 3-bedroom, 1-bath) at $1,600, and Unit 3 (a bachelor unit) at $1,050. Recent annual expenses include $6,360 for property tax, $1,858 for insurance, $7,830 for heating, and $3,474 for metered water and sewer. Heating through a hot water baseboard system and electric baseboards. The property features three separate electrical meters and a panel in each unit, with an water tank and furnace owned (Propane Operate) in the basement feed the hot-water baseboards, and a natural gas hook-up at the front of the house for easy conversion READY and go. With modern upgrades over $66,000 since last purchase in all units, a great location, on a quiet street, this property is a fine investment. (id:19018)
Property Details
| MLS® Number | NB117244 |
| Property Type | Multi-family |
| Neigbourhood | Parker's Corner |
| Equipment Type | Other |
| Features | Balcony/deck/patio |
| Rental Equipment Type | Other |
| Structure | Shed |
Building
| Appliances | Refrigerator, Microwave, Stove, Washer, Dishwasher, Dryer |
| Basement Type | Crawl Space |
| Exterior Finish | Vinyl |
| Fire Protection | Smoke Detectors |
| Flooring Type | Laminate, Hardwood |
| Foundation Type | Concrete |
| Heating Fuel | Electric, Propane |
| Heating Type | Baseboard Heaters, Hot Water |
| Total Finished Area | 2109 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Irregular | 5016 |
| Size Total | 5016 Sqft |
| Size Total Text | 5016 Sqft |
https://www.realtor.ca/real-estate/28258710/80-mecklenburg-street-saint-john
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May 05 2025 02:14:22
Saint John Real Estate Board Inc
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