47 Swansea Street
Conception Bay South, NL, A1W4S9
5 Beds | 2 Baths
$389,000
About the property (MLS: 1276959):
Welcome to 47 Swansea Street in CBS! This registered 2 apartment home is located on a quiet, family friendly street and has been extensively upgraded, with new siding, roof shingles, HRV Unit, Hot Water Tank, Flooring, Fixtures & painted throughout for a fresh & modern feel! Currently leased in both units to great tenants, generating $3,000 in monthly income, this is an excellent property to add to your portfolio with all the large maintenance items already completed! Or, an excellent home for the savvy buyer looking to offset their mortgage with the apartment income! The main unit features a unique & open layout, with new flooring throughout the living areas, a large updated kitchen, and three spacious bedrooms. The main unit also houses a lower level rec room and its own laundry area! The registered apartment features ground level entry with its own driveway for multiple vehicles, above-ground windows throughout, and upgrades such as the renovated bathroom, new flooring & washer/dryer. Outside, you'll appreciate the abundance of paved parking for each unit, the large lot that spans 158 Feet in depth & the inviting patio space that's perfect for maximum outdoor enjoyment! This home is a pleasure to view & is awaiting its new owners! As per sellers direction, no conveyance of offers until 9:00PM on Monday, September 9th. (id:56688)
Property Details
Listing ID: 27363673
Address: 47 Swansea Street, Conception Bay South, Newfoundland & Labrador, Canada A1W4S9
Status: Active
Last updated: 2 days ago ( Sep 4, 2024 )
Year Built: 1994
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other
Living Area Total: 2,220 square feet
Price per sq ft: $176
Tax Annual Amount: $3,073
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 34
Rurl
Coordinates: [47.520108, -52.934548]
Rooms
| Basement | Laundry room Bath (# pieces 1-6) Not known Not known Not known Not known Recreation room | 5.5 x 7 null 4PC null 8.2 x 9.5 null 10.5 x 11.4 null 11.3 x 11.6 null 11.9 x 12.2 null 10.0 x 13.7 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Not known Living room | 4PC null 8.4 x 10.0 null 9.0 x 13.8 null 11.5 x 12.10 null 13.9 x 18.5 null |
Basic Calculator
First Mortgage: $311,200
Mortgage insurance premium: $0
Total Financing: $311,200
Rough closing fee (1.5%): ~ $5,835
Total downpayment with estimated closing fee: $83,635
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,442 | $29,304 |
| Gross rental income (income/principal ratio) | 0.628% | 7.533% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $487 | $5,844 |
| Vacancy | $123 | $1,466 |
| Management Fee | $196 | $2,345 |
| Expense / Income Ratio | 19.94% | 19.94% |
| Cash Flow | $1,638 | $19,656 |
| Net Operating Income (NOI) | $1,638 | $19,656 |
| Capitalization Rate | 0.42% | 5.05% |
