currently rented. Rents are as follows: Unit 1 $1,500/month, Unit 2 $1,350/month, Unit 3 $1,450/month, Unit 4 $1,500/month. All tenants pay their own heat/electricity. Additional units with projected rents are: Unit 5 $1,400/month, Unit 6 $1,600/month (this unit is not a legal unit), Unit 7 $1,100/month, Unit 8 $1,000/month. This brings projected gross annual income to approximately $130,800. Annual expenses include property taxes of $13,309, insurance of $2,500, water and sewer of $4,500, garbage removal of $1,586, and snow removal of $800, totaling approximately $22,695 in yearly expenses. This results in a projected net income of approximately $108,105. The building features in-unit laundry, and on-site parking. Located just steps from the hospital, and minutes to uptown Saint John, TD Station, restaurants, and amenities, this is a highly rentable area with consistent tenant demand. While the property would benefit from some TLC, the upside is clear. Whether you’re looking to improve and stabilize, or hold long-term, this is a property where the numbers make sense with the right approach. (id:62650)