86-90 Burpee Avenue

In the riveting Saint John real estate market, this 5 unit apartment building has yesteryears charming character while it sits on almost half an acre in the highly desirable Mount Pleasant northside area. All within walking distance to recreational lakes and walking trails. All units have own electric meter and pay for lights. All units have heat pumps owned by seller. Two units (#86 & #88) have electric heat added, so tenants pay heat and lights. Net can be increased if buyers add electr heat to the other three units 90, 108A, 108B (already having a heat pump each). Rents #86 4 bedr $1,645 (tenant pays heat & lites), #88 1 bedr $995 (tenant pays heat & lites), #90 2 bedr $975 (tenant pays lites), #108A 2 bedr $1,150 (tenant pays lites) and #108B 2 bedr $1,200(tenant pays lites). Rent increases come in affect next February for another $2940 per year. Tax 6822, water 3016, electric 1008, gas 13,800, insurance 3925. Several renos in the last 5 years, new roof, updated decks, upgrading 2 units for electrical heat, foam insulation in the basement, etc; previously a newer nat gas furnace was installed in a fire rated room. All info and dimensions to be verified by purchaser prior to closing. (id:54626)