35-35A Gilbert Street
St John's, NL, A1C1X5
3 Beds | 2 Baths
$355,000
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]
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
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| 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 Ratio | 25.30% | 25.30% |
| Cash Flow | $1,083 | $12,996 |
| Net Operating Income (NOI) | $1,083 | $12,996 |
| Capitalization Rate | 0.31% | 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
