1-3 Charlotte Street, in Saint John

1-3 Charlotte Street, in Saint John

Welcome to 1-3 Charlotte Street! This amazing investment property is located on a high-traffic corner in the Uptown area approximately a 2-mintue walk to the gates of City Market. The main floor commercial space is currently being used as an Art Studio and 4 newly updated studio apartments that are 1-1bdrm and 3-2bdrm units. This 3-unit building (circa 1867) pre-dates The Great Fire and is an exceptional investment property located in the urban city surroundings of Canada's oldest incorporated city! Current rents are $1300, $1400, $1500, $1600 and $1800. Total rental income - $91,200. Approx. total expenses are: Water/sewer - $2500, taxes $13,198, insurance $4000, electricity $5400. Approx. total expenses $25,098. Approx. total net income- $66,102. (id:6289)