163-167 Molson Ave

This property is a rare find located on the west side of Saint John, offering convenient access to the main highway, shopping, restaurants, Irving Nature Park, bus stop and more. This solid building is in excellent condition featuring three rental units, each boasting three generous sized bedrooms, approximately 1200 square feet of living space, hardwood floors, and individual laundry and storage rooms in 2 of the 3 units. The property has been meticulously maintained by the current owner, with numerous updates over last 11 years including roof shingles, oil tank, kitchens, bathrooms, appliances, paved driveways and more. Additional features include vinyl siding, vinyl windows, a single garage used for storage as well as a storage shed. The property has excellent long-term tenants, with one unit recently becoming available and left vacant for sale purposes. Rents are well below market value, one unit $875 and one $950, one is currently vacant. This property is a great investment opportunity for portfolio expansion or owner-occupancy with rental income covering the mortgage. Rent includes heat; tenants pay their own power. This is one you will not want to miss! Book your viewing today! (id:22211)