About the property (MLS: 1277720):
Great property for a handyman or an investor that could see the potential in this area, this registered 2 apartment home is only a stones throw from the Waterford River Walking trail, which also leads to Bowering park and is centrally located so you can also take advantage of the provinces best restaurants, bars and shopping. With parking in front of the building as well as off-street parking that requires no permits. You get 2 bedrooms plus a bonus room in the main unit, which also has laundry room, kitchen, 4pc bathroom, living room, mudroom and an office/bonus room. Also included in this great property is the downstairs unit that gives plenty of flexibility on your mortgage payment. The roof was redone in 2022. New Flooring has also been laid in some parts of the main unit. For more information and a list of upgrades done recently please reach out. (id:56688)
Property Details
Listing ID: 27453785
Address: 433 Southside Road, St. Johns, Newfoundland & Labrador, Canada A1E1A2
Status: Active
Last updated: 3 months ago ( Nov 8, 2024 )
Year Built: 1959
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,777 square feet
Price per sq ft: $113
Tax Annual Amount: $2,521
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer, Microwave
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: 11
Rurl
Coordinates: [47.546936, -52.718957]
Rooms
Main level | Kitchen Living room Mud room Laundry room | 12' 2"" x 11' 7"" null 12'2"" x 12' 6"" null 7' x 11' null 6' x 6' 4"" null |
Second level | Bath (# pieces 1-6) Bedroom Bedroom Not known | 4pc 11'1 x 10'1"" null 13' x 12'2"" null 7'6"" x 7'10"" null |
Basement | Kitchen Bath (# pieces 1-6) Living room Utility room | ? null ? null ? null ? null |
Basic Calculator
First Mortgage: $159,920
Mortgage insurance premium: $0
Total Financing: $159,920
Rough closing fee (1.5%): ~ $2,999
Total downpayment with estimated closing fee: $42,979
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,955 | $23,460 |
Gross rental income (income/principal ratio) | 0.978% | 11.736% |
Mortgage | $0 | $0 |
Monthly Expenses | $250 | $3,000 |
Vacancy | $98 | $1,173 |
Management Fee | $157 | $1,877 |
Expense / Income Ratio | 12.79% | 12.79% |
Cash Flow | $1,451 | $17,412 |
Net Operating Income (NOI) | $1,451 | $17,412 |
Capitalization Rate | 0.73% | 8.71% |