11 Boggan Street
St. John's, NL, A1C4B2
0 Bed |
$439,000
About the property (MLS: 1273099):
A rare opportunity to purchase an exceptional turn-key short term or long term rental property in the heart of downtown St. Johns with 3 fully equipped rental units ready to generate serious income. A stones throw from George Street and walkable to concert venues, night life, dining, walking trails and everything downtown has to offer. This recently renovated registered 3-unit building features new siding, windows, front door, exterior electrical service upgrade, new cabinetry, flooring, lighting and plumbing fixtures. This property will be sold exactly as viewed with all new appliances and furnishings, ready for immediate occupancy in two units and a long time tenant in the ground floor unit with a lease in place who wishes to stay. (id:56688)
Property Details
Listing ID: 26988146
Address: 11 Boggan Street, St. John's, Newfoundland & Labrador, Canada A1C4B2
Status: Active
Last updated: a year ago ( Jun 4, 2024 )
Year Built: 1913
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Living Area Total: 1,494 square feet
Price per sq ft: $294
Tax Annual Amount: $1,800
Tax Year: 2023
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Common Interest: Freehold
Number of photos available: 17
Rurl
Coordinates: [47.563173, -52.710245]
Rooms
Basic Calculator
First Mortgage: $351,200
Mortgage insurance premium: $0
Total Financing: $351,200
Rough closing fee (1.5%): ~ $6,585
Total downpayment with estimated closing fee: $94,385
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,644 | $19,728 |
| Gross rental income (income/principal ratio) | 0.374% | 4.494% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $549 | $6,588 |
| Vacancy | $83 | $987 |
| Management Fee | $132 | $1,579 |
| Expense / Income Ratio | 33.39% | 33.39% |
| Cash Flow | $882 | $10,584 |
| Net Operating Income (NOI) | $882 | $10,584 |
| Capitalization Rate | 0.20% | 2.41% |
