Property Details
2144,2149 Ocean Westway, Saint John, New Brunswick, E2M5H6
Sales Representative
RE/MAX Quality Real Estate Inc.
Cell: 506-434-3963
$3,800,000 - For sale
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:2471)
Location DescriptionHWY 1, take Lorneville cutoff, turn towards west or off Manawagonish Road
- Property Address:2144,2149 Ocean Westway, Saint John, New Brunswick, E2M5H6
- Property Type:Multi-family
- Title:Freehold
- Lot Size:3.27 ac
- Sewage Type:Septic System
- Water Type:Municipal water
- Access:Year-round access, Public Road
- Total Finished Area:9500 sqft
- Floor Space:9500 sqft
- Heating Type:Electric, Baseboard heaters
- Storeys:1
- Flooring:Vinyl
- Foundation Type:Concrete
- Appliances Included:Refrigerator, Stove, Washer, Dishwasher, Dryer
- Rental Equipment:None
- Exterior Type:Vinyl, Wood
Sales Representative
RE/MAX Quality Real Estate Inc.
Cell: 506-434-3963
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- Map 2144,2149 Ocean Westway, Saint John, New Brunswick, E2M5H6
- Neighbourhood Information
2144,2149 Ocean Westway, Saint John, New Brunswick, E2M5H6
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