20&20A Albany Street
St. Johns, NL, A1E3C5
9 Beds | 3 Baths
$419,900
About the property (MLS: 1276682):
TWO HOMES IN ONE!! 20 ALBANY ST IS A 3 BEDROOM SINGLE FAMILY HOME WITH A FULL OPEN BASEMENT WHICH CAN EASILY ACCOMODATE ANOTHER APARTMENT. 20A ALBANY ST IS A 2 APARTMENT HOME WHICH HAS 3 BEDROOMS PER UNIT FOR A TOTAL OF 9 BEDROOMS AND POSSIBLY MORE! ALL THREE UNITS ARE CURRENTLY RENTED MONTH TO MONTH. A GREAT INVESTMENT PROPERTY! (id:56688)
Property Details
MLS: 1276682
Listing ID: 27392740
Address: 20&20A Albany Street, St. Johns, Newfoundland & Labrador, Canada A1E3C5
Status: Active
Last updated: 17 days ago ( Sep 17, 2024 )
Year Built: 1958
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 9
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 4,200 square feet
Price per sq ft: $100
Tax Annual Amount: $2,176
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 9
Rurl
Coordinates: [47.547866, -52.732079]
Listing ID: 27392740
Address: 20&20A Albany Street, St. Johns, Newfoundland & Labrador, Canada A1E3C5
Status: Active
Last updated: 17 days ago ( Sep 17, 2024 )
Year Built: 1958
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 9
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 4,200 square feet
Price per sq ft: $100
Tax Annual Amount: $2,176
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 9
Rurl
Coordinates: [47.547866, -52.732079]
Rooms
| Lower level | Not known Not known Not known Not known Not known | 10x10 null 10x10 null 10x12 null 10x10 null 10x12 null |
| Main level | Bedroom Bedroom Bedroom Kitchen Living room Bedroom Bedroom Bedroom Dining room Kitchen Living room | 10x10 null 10x10 null 10x12 null 10x12 null 12x14 null 10x9 null 10x10 null 10x12 null 10x9 null 10x9 null 12x14 null |
Basic Calculator
First Mortgage: $335,920
Mortgage insurance premium: $0
Total Financing: $335,920
Rough closing fee (1.5%): ~ $6,299
Total downpayment with estimated closing fee: $90,279
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,620 | $55,440 |
| Gross rental income (income/principal ratio) | 1.100% | 13.203% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $525 | $6,300 |
| Vacancy | $231 | $2,772 |
| Management Fee | $370 | $4,436 |
| Expense / Income Ratio | 11.36% | 11.36% |
| Cash Flow | $3,495 | $41,940 |
| Net Operating Income (NOI) | $3,495 | $41,940 |
| Capitalization Rate | 0.83% | 9.99% |
Capitalization Rate: 9.99%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $599,858
