540-542 McKiel Street

About this residence

Welcome to 540-542 McKiel Street. This fully occupied triplex is located on the West Side of Saint John. This property offers two 3-bedroom units and one 2-bedroom unit, each with its own washer and dryer. The top unit is offered furnished, providing added value and tenant appeal. The main floor unit features lovely hardwood floors and beautiful woodworking details. The upstairs unit is unique, with a private staircase to the third floor, highlighted by attractive flooring and a large bathroom. All units are bright, spacious, and well maintained. Situated close to the bus route and just minutes to shopping, restaurants, schools, and Uptown Saint John, this property is ideally located for steady rental demand. With a strong rental history and desirable finishes, this is a turn-key income property and a great addition to any portfolio. Rents are as follows: Top Floor 2 Bedroom ($1500), Middle Floor 3 Bedroom ($1700) and Main Floor 3 Bedroom ($1500) for a yearly total of $56400. Expenses include: Hydro $2086, Heating $7645, Water/Sewage $1874, Insurance $4171 and Internet/TV $2221 and Property Tax $7589 for a total of $25586 yearly. Net Income $30814. Call today to view this lovely well cared for Triplex. (id:61366)