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TelephoneEmail35-35A Gilbert Street, St John's, Newfoundland & Labrador, Canada A1C1X5

35-35A Gilbert Street

St John's, NL, A1C1X5

location

3 Beds | 2 Baths

$355,000

35-35A Gilbert Street St John's Newfoundland & Labrador Canada A1C1X5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35-35A Gilbert Street St John's Newfoundland & Labrador Canada A1C1X5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35-35A Gilbert Street St John's Newfoundland & Labrador Canada A1C1X5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35-35A Gilbert Street St John's Newfoundland & Labrador Canada A1C1X5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35-35A Gilbert Street St John's Newfoundland & Labrador Canada A1C1X5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35-35A Gilbert Street St John's Newfoundland & Labrador Canada A1C1X5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1268885):

This property has long-term tenants in existing apartments. Prime for redevelopment, with potential to accommodate up to 6 townhouses on this spacious lot. (id:56688)

Property Details
MLS: 1268885
Listing ID: 26655459
Address: 35-35A Gilbert Street, St John's, Newfoundland & Labrador, Canada A1C1X5
Status: Active
Last updated: 4 months ago ( Aug 14, 2024 )
Year Built: 1960
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,595 square feet
Price per sq ft: $223
Tax Annual Amount: $1,800
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 2
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate
Exterior Features: Concrete Block
Common Interest: Freehold
Number of photos available: 6
Rurl
Coordinates: [47.557555, -52.716943]

Rooms

Main level
Living room
Kitchen
Bedroom
Living room
Kitchen
Bedroom
Bedroom
10x12 null
12x8 null
11x11 null
12x10 null
10x12 null
10x11 null
11x12 null

Basic Calculator



First Mortgage: $284,000

Mortgage insurance premium: $0

Total Financing: $284,000

Rough closing fee (1.5%): ~ $5,325

Total downpayment with estimated closing fee: $76,325

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$1,755$21,060
Gross rental income (income/principal ratio)0.494%5.932%
Mortgage$0$0
Monthly Expenses$444$5,328
Vacancy$88$1,053
Management Fee$141$1,685
Expense / Income Ratio25.30%25.30%
Cash Flow$1,083$12,996
Net Operating Income (NOI)$1,083$12,996
Capitalization Rate0.31%3.66%
Capitalization Rate: 3.66%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $507,143