Space
Finished area and layout
- Living Area
- 1,542 sqft
- Above Grade
- 1,542 sqft
- Finished Breakdown
- Above 1,542 sqft
- Bedrooms
- 4
- Bathrooms
- 2
+30 more
4
Bedrooms
2
Bathrooms
1,542 sqft
Living Area
1,561 sqft
Lot
Property Snapshot
Key details for this listing
MLS #NB142780
Property
Type, style and structure
- Type
- residential
- Style
About This Property
This 4-bedroom, 2-bathroom multi-family in Saint John offers 1,542 sqft of living area on a 1,561 sqft lot. 2 storeys. The property has lot dimensions of 1561. The home features laminate and vinyl flooring, baseboard heaters, electric heating, a none basement.
MLS Remarks
Looking to add an income-producing property to your investment portfolio? This two-storey duplex on Saint John's west side offers an attractive opportunity with established rental income, a vacant and recently refreshed unit, and flexibility for investors to maximize the property's potential. Offering approximately 1,500 square feet of finished living space, the property features two self-contained units, each with two bedrooms and one bathroom. The main-floor unit is currently rented for $1,236 per month, while the vacant upstairs unit was previously rented for $1,650 per month, representing a combined rental income of $2,886 per month if both units were rented at those rates. With the upstairs unit now vacant, investors have the opportunity to establish a new tenancy and determine their rental strategy. The upstairs unit has been freshly painted throughout and is ready for its next occupant. Additional improvements include painted kitchen cabinets and bathroom vanity, updated lighting, a new over-the-range microwave, newer appliances, and updates and painting to the front and rear decks. Located in an established residential neighbourhood on Saint John's west side, the property offers an appealing location for tenants, with convenient access to shopping, restaurants, schools, and everyday amenities. Major routes are easily accessible for commuting throughout Saint John and surrounding areas, while nearby Dominion Park Beach provides an added recreational attraction. Whether you're an experienced investor expanding your portfolio or purchasing your first rental property, 507 Milford Road offers existing rental income, leasing flexibility, and an opportunity to build long-term investment value. (id:60351)
Full Listing Details
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