7 -9 RITCHIE ST, Saint John, NB, E2L 3C2Listing ID# SJ170510
This is a good investment building with 4 spacious units with laundry hook-ups in each one. Located close to all amenities, this building has a rental income of $32,400 when full. Rents are: apt #1-$750, apt #2-$625, apt #3-$725, apt #4-$550. Expenses are approx. $17,760/year, taxes-$3761, insurance-$1706, heat-$9100, electricity-$1793, and water/sewer-$1400 Approx. net income is $14,640. ($17,448). This building has had some upgrades and each unit shows well. Looking for an investment building? If so, this is worth a look!
Listing courtesy of ROYAL LEPAGE ATLANTIC (S105)
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