33
$3,800,000 Sale
Listed 1 day
2144,2149 Ocean Westway
· 0
· 0.0
· 0
· 9500
Key Facts
Key facts for 2144,2149 Ocean Westway
Property Type
Apartment
Parking
Garage: No, 0 parking
MLS #
NB128372
Size
9500 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Welcome to 2144 and 2149 Ocean Westway, a fantastic investment opportunity featuring 19 fully renovated one-level, one-bedroom units ideal for professional workers and single tenants. The property is in excellent condition and situated in a desirable area, offering easy access to the highway and nea...rby amenities. With strong rental numbers and modern updates throughout, this like-new property offers impressive financials. The total annual rental income is $312,600, with units rented at varying rates: 2 at $ 1,100, 2 at $ 1,200, 1 at $ 1,250, 10 at $ 1,400, 2 at $ 1,500, and 2 at $ 1,600. Estimated annual expenses include $21,984 for taxes, $5600 for water and septic, $5000 for electricity, $10,301 for insurance, and $6986 for snow removal and garbage, totaling approximately $49,871. This results in an estimated net income of $262,729. For serious investors seeking a high-performing and low-maintenance property, this is well worth a closer look. (id:10452)
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Listing courtesy of: Royal LePage Atlantic
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