
Courtesy of: Marcus Power, Salesperson, RE/MAX Professionals
$340,000
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1,000 square feet
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Multi-family
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$340,000
181 Duke St. West Triplex for Sale in Saint John West! This income-producing three-unit property offers a strong addition to any real estate investment portfolio. 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:203)