Multi-Family $ 199,900

116-118 Lancaster Street

Saint John, NB E2M1H9

  • 1,980 SqFt
  • 1,410 Lot Size
  • - Year Built
BACK ON MARKET DUE TO FINANCING. Welcome to 116118 Lancaster Street, a well-maintained duplex on Saint Johns west side. Each spacious unit features 3 bedrooms, a full bathroom, and a functional kitchen, with plenty of natural light throughout. Both units also offer in-unit laundry hookups conveniently located at the back of each space. This property presents an excellent investment opportunity with current rental income of $1,075 for Unit 116 and $1,110 for Unit 118, for a combined total of $2,185 per month. Tenants cover their own utilities, making this a straightforward, income-generating property. Situated close to schools, parks, shopping, and all west side amenities, this duplex is ideal for investors or owner-occupiers seeking both affordability and steady returns. Expenses: *Water heater rental - $354/year* Insurance: $1842. Taxes: $4641. Water/Sewage: $2887.Total Expenses - 9724. Total Income $25800 - Expenses = Net Income $16076. Both Tenants are Month to Month. (id:24570)
Listed by RE/MAX Professionals

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Freehold

    Listing Status Active

    Purchase Type For Sale

    Square Footage 1, 980 sqft

    Price per Sqft $100

    MLS Listing ID NB125599

    Lot Size 1,410 Sqft

    Acres 1410.0

    Property Sub-Type Freehold

    Source New Brunswick Real Estate Board

  • Location

    Province NB

  • Rooms

    Kitchen 0.0

  • Building

    Sewer Municipal sewage system

  • Interior

    Heating Baseboard heaters,

    Flooring Other

  • Exterior

    Parking Features No

    View Y/N No

    Private Pool No

  • Others

    Ownership Freehold

GET IN TOUCH

Your Full Name
Your Phone Number*
Write Your Message