4 Madison Place
Paradise, NL, A1L3H6
5 Beds | 4 Baths
$379,900
About the property (MLS: 1276631):
This registered 2-apartment home is only 6 years old and offers an exceptional blend of modern comfort and versatile living space. Nestled in a sought-after neighborhood in Paradise, this property provides an ideal setting for families or those seeking rental income potential. As you enter this inviting residence, you'll be greeted by an abundance of natural light and an airy ambiance. The thoughtfully designed layout features a half bathroom, laundry, well-appointed kitchen, dining area, and a spacious living room on the first floor. Upstairs, you'll discover three generously sized bedrooms and a bathroom. The primary bedroom is equipped with an en-suite bathroom for added privacy and convenience. The lower level offers a bedroom that can be easily adapted to suit your specific needs, whether it's as a home office, guest room, or additional living space. The one-bedroom apartment features large windows, its own laundry and private entrance creating a comfortable space for tenants. Other added bonuses are the heated attached garage, the shed for extra storage, the nice sized backyard and the 10X10 deck with a lower 14X14 Deck that creates an ideal outdoor entertaining space. Don't miss out on this chance to make this beautiful home your own. (id:56688)
Property Details
Listing ID: 27338703
Address: 4 Madison Place, Paradise, Newfoundland & Labrador, Canada A1L3H6
Status: Active
Last updated: 3 days ago ( Sep 3, 2024 )
Year Built: 2018
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other
Fencing: Fence
Living Area Total: 700 square feet
Price per sq ft: $543
Tax Annual Amount: $2,400
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters
Flooring: Laminate, Carpeted, Other
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 25
Rurl
Coordinates: [47.547761, -52.895064]
Rooms
| Main level | Not known Bath (# pieces 1-6) Kitchen Living room Foyer | 11'6'' X 20'6'' null 6'4'' X 6'3'' null 8'7'' X 9'3'' null 14'2'' X 13'9'' null 4'9'' X 5'7'' null |
| Lower level | Laundry room Bath (# pieces 1-6) Bedroom Living room/Dining room Kitchen Bedroom Bath (# pieces 1-6) | 5'8'' X 3'3'' null 4'10 X 7'2'' null 10'4'' X 9'11'' null 10' X 11'7'' null 8'6'' X 11'7'' null 6'4'' X 9'3'' null 7'5'' X7 '4'' null |
| Second level | Bedroom Bedroom Ensuite Primary Bedroom Dining room | 9'10'' X 12'4'' null 9'7'' X 9'3'' null 5'8'' X 7'2'' null 13'10'' X11'3'' null 11'2'' X 12'2'' null |
Basic Calculator
First Mortgage: $303,920
Mortgage insurance premium: $0
Total Financing: $303,920
Rough closing fee (1.5%): ~ $5,699
Total downpayment with estimated closing fee: $81,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $771 | $9,252 |
| Gross rental income (income/principal ratio) | 0.203% | 2.435% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $475 | $5,700 |
| Vacancy | $39 | $463 |
| Management Fee | $62 | $741 |
| Expense / Income Ratio | 61.61% | 61.61% |
| Cash Flow | $196 | $2,352 |
| Net Operating Income (NOI) | $196 | $2,352 |
| Capitalization Rate | 0.05% | 0.62% |
