590 Empire Avenue
St. John's, NL, A1E1W9
5 Beds | 3 Baths
$349,900
About the property (MLS: 1277231):
ATTENTION INVESTORS AND FIRST TIME HOME BUYERS! Unique opportunity to purchase a registered 2-apartment home in a convenient location with schools, amenities, recreation nearby and on a bus route! Bright main floor features open concept style living room, dining area and kitchen with walk out to the rear patio, three spacious bedrooms and main 4-piece bathroom. Lower level boasts rec room, 2-piece powder room and laundry. Grade level, self contained two bedroom apartment has living room, kitchen, full bath and separate in-unit laundry! Recent improvements include some flooring, new roof shingles (Spring 2023), updated basement apartment kitchen and mostly new flooring (March 2023) and new hot water boilers for both units (2020). Great tenant currently in apartment, wanting to stay! ($1000/month POU). Don't miss out, immediate occupancy upstairs as it will be vacant upon closing! Offers to be submitted Thursday evening at 6pm September 12 and left open for acceptance until 11pm. (id:56688)
Property Details
Listing ID: 27390641
Address: 590 Empire Avenue, St. John's, Newfoundland & Labrador, Canada A1E1W9
Status: Active
Last updated: 23 days ago ( Sep 12, 2024 )
Year Built: 2006
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,027 square feet
Price per sq ft: $173
Tax Annual Amount: $2,314
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: Vinyl siding
Common Interest: Freehold
Number of photos available: 21
Rurl
Coordinates: [47.5464, -52.754777]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Not known Laundry room Bath (# pieces 1-6) Recreation room | 5.3X8.1 4PC null 5.1X6.5 null 9.4X9.2 null 13.2X10.5 null 13.6X12.6 null 13.6X12.6 null - null 8.11X5.1 2PC null 11.9X12.9 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room Foyer | 6.2X8.0 4PC null 9.11X13.2 null 9.3X14.1 null 11.7X15.9 null 11.5X10.4 null 11.10X13.5 null 11.10X10.9 null 6.8X5.3 null |
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,230 | $26,760 |
| Gross rental income (income/principal ratio) | 0.637% | 7.648% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $112 | $1,338 |
| Management Fee | $179 | $2,141 |
| Expense / Income Ratio | 19.64% | 19.64% |
| Cash Flow | $1,503 | $18,036 |
| Net Operating Income (NOI) | $1,503 | $18,036 |
| Capitalization Rate | 0.43% | 5.15% |
