181 Duke Street West, Saint John, NB, E2M1T5

Property Details: - Type: Triplex - Bedrooms: 0 - Bathrooms: 0 - MLS#: NB140357 Listed By: RE/MAX PROFESSIONALS

Triplex for Sale in Saint John West! This income-producing three-unit property offers a strong ROI addition to any real estate investment portfolio and in the last 8 years there has been many upgrades IE: New ROOF, New WINDOWS, ELECTRICAL along with new flooring and much more, this property is definitely worth a look. Located on Saint John's West Side, 181 Duke Street West features three spacious 3-bedroom units with current rents of $1,135/month, $1,450/month, and $1,645/month. Tenants pay their own electricity, helping keep operating costs manageable. Gross annual rental income is $50,760. Based on the April 1, 2024 to March 31, 2025 operating period, annual expenses include property taxes of $4,645, insurance of $2,889.67, maintenance of $2,296.35, electricity of $1,974.14, and water/sewer of $4,284, for total annual expenses of approximately $16,089 and a net operating income of approximately $34,671. The property is serviced by municipal water and sewer and offers a low-maintenance setup for investors looking to expand their holdings. Conveniently located close to Uptown Saint John, shopping, schools, public transit, and major amenities, this is an excellent opportunity to own a well-performing multi-family property in a strong rental area. Whether you're a seasoned investor or looking to purchase your first income property, 181 Duke Street West is worth a closer look. (id:65070) This triplex home located at 181 Duke Street West, Saint John is currently for sale and has been available on Zolo.ca for 5 days. This property is listed at $340,000 with an estimated mortgage of $1,251* per month. It has beds and bathrooms. 181 Duke Street West, Saint John is in Saint John.