94 Gower Street
St. John's, NL, A1C1N7
4 Beds | 3 Baths
$469,000
About the property (MLS: 1274396):
JELLYBEAN ROW?? One of the most Iconic areas in St. John's is where you call home. Or if you are an investor you can capitalize on the location for an amazing rental property. This beautifully renovated 2 apartment home is a great find. The main unit features new kitchen, large living room with vaulted ceilings, 2 spacious bedrooms and 2 bathrooms. The apartment is street level and features 2 bedrooms, large living room and galley kitchen. All measurements to be verified by buyer (id:56688)
Property Details
MLS: 1274396
Listing ID: 27175016
Address: 94 Gower Street, St. John's, Newfoundland & Labrador, Canada A1C1N7
Status: Active
Last updated: a month ago ( Jul 24, 2024 )
Year Built: 1895
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,700 square feet
Price per sq ft: $174
Tax Annual Amount: $2,728
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 28
Rurl
Coordinates: [47.568256, -52.705313]
Listing ID: 27175016
Address: 94 Gower Street, St. John's, Newfoundland & Labrador, Canada A1C1N7
Status: Active
Last updated: a month ago ( Jul 24, 2024 )
Year Built: 1895
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,700 square feet
Price per sq ft: $174
Tax Annual Amount: $2,728
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 28
Rurl
Coordinates: [47.568256, -52.705313]
Rooms
| Main level | Living room Kitchen Bedroom Bedroom | 14x13 null 12x10 null 10x10 null 12x10 null |
| Third level | Bedroom Primary Bedroom | 9x7 null 13x11 null |
| Second level | Dining room Living room Kitchen | 12x10 null 18x12 null 12x10 null |
Basic Calculator
First Mortgage: $375,200
Mortgage insurance premium: $0
Total Financing: $375,200
Rough closing fee (1.5%): ~ $7,035
Total downpayment with estimated closing fee: $100,835
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,971 | $35,652 |
| Gross rental income (income/principal ratio) | 0.633% | 7.602% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $587 | $7,044 |
| Vacancy | $149 | $1,783 |
| Management Fee | $238 | $2,853 |
| Expense / Income Ratio | 19.76% | 19.76% |
| Cash Flow | $1,998 | $23,976 |
| Net Operating Income (NOI) | $1,998 | $23,976 |
| Capitalization Rate | 0.43% | 5.11% |
Capitalization Rate: 5.11%
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).): $670,000
