Property description for 2144,2149 Ocean Westway, Saint John, NB E2M 5H6

Welcome to 2144 and 2149 Ocean Westway, a fantastic investment opportunity featuring 19 fully renovated one-level, units ideal for professional workers. 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:31684)