231 Hamilton Avenue
St. John's, NL, A1E1J6
5 Beds | 4 Baths
$339,900
About the property (MLS: 1276240):
Ideally situated right on the doorstep of downtown! This well maintained home features three registered apartments. Yes 3 units! One three bedroom and two one bedroom units currently rented at $800 per unit POU. All 3 units are well appointed with individual laundry services. All the heavy lifting has been done on this one in the last 15 years. Off street parking, vinyl windows and siding, electrical upgraded, plus the plumbing. Roof was completed in last few years as well. Rents are below market value to long term tenants. Rare opportunity, don’t delay. Please allow 24 hours for viewings. As per vendors directive, any and all offers must be received by noon Tuesday August 20 and open for review until 6pm. Please book through Broker Bay. (id:56688)
Property Details
Listing ID: 27296238
Address: 231 Hamilton Avenue, St. John's, Newfoundland & Labrador, Canada A1E1J6
Status: Active
Last updated: a month ago ( Aug 15, 2024 )
Year Built: 1950
Property Type: Other
Structure Type: Other
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Mixed Flooring
Living Area Total: 2,110 square feet
Price per sq ft: $162
Tax Annual Amount: $1,941
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Carpeted, Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 13
Rurl
Coordinates: [47.551312, -52.723896]
Rooms
| Basement | Other Utility room Bedroom Living room Kitchen | 8.4x6.8 null 7x4.9 null 12.8x8 null 12.8x8 null 13x9 null |
| Second level | Bedroom Bedroom Kitchen Bedroom Bedroom | 9.0x7.3 null 9.8x9.4 null 12.3x11.6 null 8x8 null 11.6x9 null |
| Main level | Porch Living room Dining room Kitchen | 6.6x4.7 null 11.7x11.2 null 11.7x11.5 null 12.2x12 null |
Basic Calculator
First Mortgage: $271,920
Mortgage insurance premium: $0
Total Financing: $271,920
Rough closing fee (1.5%): ~ $5,099
Total downpayment with estimated closing fee: $73,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,321 | $27,852 |
| Gross rental income (income/principal ratio) | 0.683% | 8.194% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $425 | $5,100 |
| Vacancy | $117 | $1,393 |
| Management Fee | $186 | $2,229 |
| Expense / Income Ratio | 18.31% | 18.31% |
| Cash Flow | $1,595 | $19,140 |
| Net Operating Income (NOI) | $1,595 | $19,140 |
| Capitalization Rate | 0.47% | 5.63% |
