181 Duke St. West

Key facts

• Property type: Multi-family
• Structure: Triplex
• Transaction: For Sale
• Price: $340,000
• Interior size: 1,000 sqft
• Lot size: 5005
• Listing key: 29832009

Listing overview

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 class="container" id="details-container",135/month, class="container" id="details-container",450/month, and class="container" id="details-container",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 class="container" id="details-container",974.14, and water/sewer of $4,284, for total annual expenses of approximately class="container" id="details-container"6,089 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 locate...