About the property (MLS: 1276627):
This well maintained and lucrative, 2 Apartment home, with freshly painted siding, is located near MUN, Health Science Hospital, Avalon Mall, Kelsey Drive, and more. The main unit has a large and bright, open living and dining room with an electric fireplace insert. The kitchen has lots of storage and has had a new counter top and all new appliances installed in the last few years. There are three bedrooms, and a bathroom with shower/tub combo. There is a laundry room for this unit in the basement. The basement apartment has been stripped to the studs and been completely remodelled in the last few years with all new flooring, gyproc, and finishes. There is a large eat in kitchen with all new cupboards, countertop and appliances, 3 large bedrooms, a bathroom with a custom glass shower, and a laundry room. This unit can also function as a 2 bedroom with a den. The large private back yard, has drive in access with a large detached garage, and a recently built deck. The main unit currently rents for $2100 POU and the basement apartment was previously rented for $1600 POU. Tenants in the main unit have been given notice but are willing to stay. (id:56688)
Property Details
Listing ID: 27340319
Address: 72 Terra Nova Road, St. John's, Newfoundland & Labrador, Canada A1B1E9
Status: Active
Last updated: 9 days ago ( Aug 28, 2024 )
Year Built: 1970
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 6
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Mixed Flooring
Fencing: Fence
Living Area Total: 2,420 square feet
Price per sq ft: $162
Tax Annual Amount: $2,052
Tax Year: 2024
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 27
Rurl
Coordinates: [47.560181, -52.741162]
Rooms
Main level | Bedroom Bedroom Bedroom Bath (# pieces 1-6) Not known Living room Dining room | 8X14 null 10X10 null 11X14 null 3 Piece null 15.6X11.7 null 13X17 null 10.6X13 null |
Basic Calculator
First Mortgage: $311,920
Mortgage insurance premium: $0
Total Financing: $311,920
Rough closing fee (1.5%): ~ $5,849
Total downpayment with estimated closing fee: $83,829
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,662 | $31,944 |
Gross rental income (income/principal ratio) | 0.683% | 8.193% |
Mortgage | $0 | $0 |
Monthly Expenses | $488 | $5,856 |
Vacancy | $134 | $1,598 |
Management Fee | $213 | $2,556 |
Expense / Income Ratio | 18.33% | 18.33% |
Cash Flow | $1,828 | $21,936 |
Net Operating Income (NOI) | $1,828 | $21,936 |
Capitalization Rate | 0.47% | 5.63% |