22 Mecklenburg St
Multi Family in Saint John
Welcome to Uptown living! This 9-unit is a great investment property that consists of 4-1 bedroom units, 4-2 bedroom units and 1-3 bedroom unit. Plenty of off-street parking, garage, fantastic location and has had many updates through recent years. Rents are low but could easily be higher. Rents are: $690, $710, $750, $775, $825, 2 @$850, $900 and $1125. Total rental Income income- $89,700. Expenses are: Water/sewer- $9288, taxes- $9033, heat-$20,353, snow/garbage- $2016 and insurance- $1700. Approx total expenses- $47, 765, Approx net income- $41,935. Solid building in Uptown Saint John that is worth a look! (id:153)
About the Neighbourhood
Orange Street is a reasonably good neighbourhood to buy a home in for those who prefer a calm atmosphere. It is easy to reach parks since there are a few of them nearby for residents to visit. This area is also reasonably good for those who need quiet surroundings, as there isn't a lot of street noise or city clamour.Learn more >
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