23 Middleton Street
St. John's, NL, A1A3J2
6 Beds | 2 Baths
$339,000
About the property (MLS: 1277225):
Welcome to this incredible 6-bedroom, 2-unit property in the East End! Enjoy the perfect blend of investment opportunity and comfortable living in this unique property, featuring a 3-bedroom main unit and a spacious 3-bedroom apartment. The Main Unit features, 3 generously sized bedrooms, Large kitchen perfect for cooking up a storm, Bright and airy living room with open dining area, premium Brazilian hardwood and ceramic flooring throughout main areas and side carport and ample parking for added convenience. Fireplace in living room has not been used and selling as-is. The Apartment has 3 great-sized bedrooms with plenty of natural light, full laundry room for added convenience, large living and kitchen area perfect for relaxing and entertaining, 200amp circuit breaker panel and electric heat. Currently rented for $1100/month POU. Additional Features of this home include, vinyl windows, vinyl siding, Heat Recovery Units (HRVs) for improved air quality. Investment Opportunity, let the apartment subsidize your mortgage or use as a great investment property. The possibilities are endless! Note, Offers will not be presented until 7pm on Monday, September 16, 2024, as per Seller's Direction. (id:56688)
Property Details
Listing ID: 27404108
Address: 23 Middleton Street, St. John's, Newfoundland & Labrador, Canada A1A3J2
Status: Active
Last updated: 22 days ago ( Sep 12, 2024 )
Year Built: 1973
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, Carpeted, Ceramic Tile, Mixed Flooring
Living Area Total: 2,602 square feet
Price per sq ft: $131
Tax Annual Amount: $2,665
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Carpeted, Ceramic Tile, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 34
Rurl
Coordinates: [47.598836, -52.693254]
Rooms
| Basement | Not known Not known Not known Not known Not known Not known Laundry room | - null 8'2""x14'5"" null 11'7""X9'4"" null 10'10""x12' null 11'7""x11'2"" null 15'7x11' null 9'8""x8'2"" null |
| Main level | Porch Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room | 5'10""x11'6"" null 4 Piece null 11'6""x10'7"" null 11'11""x10'8"" null 13'1""x10'6"" null 16'2""x10'6"" null 10'6""x11'7"" null 16'7""x14'11"" null |
Basic Calculator
First Mortgage: $271,200
Mortgage insurance premium: $0
Total Financing: $271,200
Rough closing fee (1.5%): ~ $5,085
Total downpayment with estimated closing fee: $72,885
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,863 | $34,356 |
| Gross rental income (income/principal ratio) | 0.845% | 10.135% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $424 | $5,088 |
| Vacancy | $144 | $1,718 |
| Management Fee | $230 | $2,749 |
| Expense / Income Ratio | 14.81% | 14.81% |
| Cash Flow | $2,067 | $24,804 |
| Net Operating Income (NOI) | $2,067 | $24,804 |
| Capitalization Rate | 0.61% | 7.32% |
