138 Prowse Avenue
St. John's, NL, A1C2M7
6 Beds | 2 Baths
$549,900
About the property (MLS: 1277401):
Stunning, fully renovated two apartment home in the heart of St. John's! Experience the perfect blend of modern amenities and classic charm in this unique property, meticulously renovated over the past six months. Nestled in the vibrant city of St. John's, this spacious two unit home, sits on a quiet street, on an oversized, mature lot, offering ample space and tranquility. Both units are multi-level, and offer a bright, open-concept layout with large windows and natural light. This property has the potential to generate over $5000 a month in rental income making it an excellent investment opportunity. Located in a prime rental area, close to schools, Memorial University, shopping centres and all the amenities St. John's has to offer. With great attention to detail during this renovation and its modern upgrades, the property still retains its unique character and charm, providing a cozy and inviting atmosphere throughout. Whether you're looking for a spacious family home with rental income, or a lucrative rental for students or as an Air B&B, this two unit home is a must-see. Don't miss the opportunity to own a piece of St. John's history, perfectly updated for contemporary living. (id:56688)
Property Details
Listing ID: 27406452
Address: 138 Prowse Avenue, St. John's, Newfoundland & Labrador, Canada A1C2M7
Status: Active
Last updated: 9 days ago ( Sep 26, 2024 )
Year Built: 1962
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: Laminate, Ceramic Tile
Living Area Total: 3,468 square feet
Price per sq ft: $159
Tax Annual Amount: $3,000
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: Laminate, Ceramic Tile
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 45
Rurl
Coordinates: [47.558514, -52.733499]
Rooms
| Main level | Bath (# pieces 1-6) Not known Not known Not known Not known Not known Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Living room Dining room Kitchen | 5.10x7.1 null 5.3x7.1 null 11.2x13.3 null 11.1x11.1 null 17x14.5 null 17x14.5 null 10.2x7.4 null 10x10.3 null 10.1x9.3 null 10.1x16.6 null 14.9x13.9 null 6.10x12.5 null 11.1x10.7 null |
| Basement | Bedroom Family room | 9.4x14 null 15.2x14.8 null |
Basic Calculator
First Mortgage: $439,920
Mortgage insurance premium: $0
Total Financing: $439,920
Rough closing fee (1.5%): ~ $8,249
Total downpayment with estimated closing fee: $118,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,815 | $45,780 |
| Gross rental income (income/principal ratio) | 0.694% | 8.325% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $688 | $8,256 |
| Vacancy | $191 | $2,289 |
| Management Fee | $306 | $3,663 |
| Expense / Income Ratio | 18.03% | 18.03% |
| Cash Flow | $2,632 | $31,584 |
| Net Operating Income (NOI) | $2,632 | $31,584 |
| Capitalization Rate | 0.48% | 5.74% |
