201 Empire Avenue
St. John’s, NL, A1C3H1
5 Beds | 2 Baths
$249,000
About the property (MLS: 1273597):
Turn-Key Investment Property! Already fully rented and situated in the center city, this is an ideal investment with a current income of $3225/month in today's hot rental market. The top floor has 4 generously sized bedrooms, a recently upgraded bathroom, and shared kitchen. The basement - which could easily be transformed into an in-law suite, features a bedroom and a den, along with a new 3-pc bathroom, a kitchenette, and plenty of storage space. Location is unbeatable within walking distance to MUN and downtown. With lower property taxes, BRAND-NEW SHINGLES, Lots of PEX plumbing, and comes fully furnished, this turn-key investment property is what you’re looking for! (id:56688)
Property Details
Listing ID: 27041345
Address: 201 Empire Avenue, St. John’s, Newfoundland & Labrador, Canada A1C3H1
Status: Active
Last updated: 2 months ago ( Jul 16, 2024 )
Year Built: 1951
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Forced air, Oil
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,600 square feet
Price per sq ft: $156
Tax Annual Amount: $1,489
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Forced air, Oil
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 18
Rurl
Coordinates: [47.566585, -52.727887]
Rooms
| Lower level | Bath (# pieces 1-6) Not known Not known Not known | 3PC null 7’4” x 10’ null 14’8” x 10’ null 6’2” x 3’8” null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Kitchen Primary Bedroom | 4PC null 10’ x 6’8” null 10’ x 9’7” null 10’ x 7’8” null 10’7” x 8’6” null 12’10” x 11 null |
Basic Calculator
First Mortgage: $199,200
Mortgage insurance premium: $0
Total Financing: $199,200
Rough closing fee (1.5%): ~ $3,735
Total downpayment with estimated closing fee: $53,535
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,761 | $21,132 |
| Gross rental income (income/principal ratio) | 0.707% | 8.487% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $312 | $3,744 |
| Vacancy | $89 | $1,057 |
| Management Fee | $141 | $1,691 |
| Expense / Income Ratio | 17.72% | 17.72% |
| Cash Flow | $1,221 | $14,652 |
| Net Operating Income (NOI) | $1,221 | $14,652 |
| Capitalization Rate | 0.49% | 5.88% |
