37 Alderberry Lane
St. John's, NL, A1E6A5
5 Beds | 2 Baths
$345,000
About the property (MLS: 1272374):
***Pre-inspected*** with a New Roof, this immaculately maintained two-apartment home presents a prime opportunity. Ideally situated, and a short walk to the new Mews Community Centre, Mundy Pond Park, and St. Teresa's School, and a short drive to Memorial University and Downtown, this property is situated in an ideal location on a quite one-way street. Both units are owner occupied offering vacant possession which makes it ideal to move straight in and put their own tenant in place to supplement their mortgage. The main floor features three bedrooms, hardwood floors in the living room and ceramic flooring in the kitchen, bathroom, and foyer with its own rec room, storage and laundry room in the basement. The basement apartment has two bedrooms, with its own meter and laundry hook-up, and electric heating. Out back you will find a huge, fenced backyard with a storage shed. This home is surely to make a great family home or investment for the new owners. (id:56688)
Property Details
Listing ID: 26918613
Address: 37 Alderberry Lane, St. John's, Newfoundland & Labrador, Canada A1E6A5
Status: Active
Last updated: 2 years ago ( May 21, 2024 )
Year Built: 1996
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Forced air, Oil, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Other, Ceramic Tile
Fencing: Fence
Living Area Total: 2,260 square feet
Price per sq ft: $153
Tax Annual Amount: $2,528
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Forced air, Oil, Electric
Flooring: Hardwood, Laminate, Other, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 27
Rurl
Coordinates: [47.545892, -52.748456]
Rooms
| Basement | Bedroom Bedroom Living room/Dining room Recreation room | 11 x 8.3 feet 10.5 x 9.6 feet 14 x 17 feet 10 x 12 feet |
| Main level | Bedroom Bedroom Primary Bedroom Bath (# pieces 1-6) Kitchen Living room | 10.6 x 9 feet 10.6 x 9.5 feet 12 14.5 feet 3pc 17 x 12 feet 14 x 12 feet |
Basic Calculator
First Mortgage: $276,000
Mortgage insurance premium: $0
Total Financing: $276,000
Rough closing fee (1.5%): ~ $5,175
Total downpayment with estimated closing fee: $74,175
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,486 | $29,832 |
| Gross rental income (income/principal ratio) | 0.721% | 8.647% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $432 | $5,184 |
| Vacancy | $125 | $1,492 |
| Management Fee | $199 | $2,387 |
| Expense / Income Ratio | 17.38% | 17.38% |
| Cash Flow | $1,731 | $20,772 |
| Net Operating Income (NOI) | $1,731 | $20,772 |
| Capitalization Rate | 0.50% | 6.02% |
