80 Mecklenburg Street
Saint John, New Brunswick, New Brunswick, E2L1R1

Property description

A fine investment property to all investors. For a home owner, MOVE-in Ready, to live rent-free in a fine apartment with rental opportunities. Welcome to this newly renovated triplex in the heart of Uptown Saint John offering you strong rental income potential and modern convenience. This turn-key property features three units, including all renovated suitesUnit 1 (3 bed) and Unit 2 (3 bed) each equipped with a set of washer, dryer, fridge, stove, and dishwasher, making them ideal for OWNER-occupancy or attracting quality tenants with a fresh start; Unit 3 (1 bed) includes a fridge, stove, and dishwasher. The property in 2024 generated a total monthly rental income of $4,900 in 2024, with Unit 1 (a spacious 3-bedroom, 2-bath) rented at $2,250, Unit 2 (a 3-bedroom, 1-bath) at $1,600, and Unit 3 (a bachelor unit) at $1,050. Recent annual expenses include $6,360 for property tax, $1,858 for insurance, $7,830 for heating, and $3,474 for metered water and sewer. Heating through a hot water baseboard system and electric baseboards. The property features three separate electrical meters and a panel in each unit, with an water tank and furnace owned (Propane Operate) in the basement feed the hot-water baseboards, and a natural gas hook-up at the front of the house for easy conversion READY and go. With modern upgrades over $66,000 since last purchase in all units, a great location, on a quiet street, this property is a fine investment.

Building information

Land information