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TelephoneEmail433 Southside Road, St. Johns, Newfoundland & Labrador, Canada A1E1A2

433 Southside Road

St. Johns, NL, A1E1A2

location

4 Beds | 2 Baths

$199,900

433 Southside Road St. Johns Newfoundland & Labrador Canada A1E1A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
433 Southside Road St. Johns Newfoundland & Labrador Canada A1E1A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
433 Southside Road St. Johns Newfoundland & Labrador Canada A1E1A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
433 Southside Road St. Johns Newfoundland & Labrador Canada A1E1A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
433 Southside Road St. Johns Newfoundland & Labrador Canada A1E1A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
433 Southside Road St. Johns Newfoundland & Labrador Canada A1E1A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
433 Southside Road St. Johns Newfoundland & Labrador Canada A1E1A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
433 Southside Road St. Johns Newfoundland & Labrador Canada A1E1A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
433 Southside Road St. Johns Newfoundland & Labrador Canada A1E1A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
433 Southside Road St. Johns Newfoundland & Labrador Canada A1E1A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
433 Southside Road St. Johns Newfoundland & Labrador Canada A1E1A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
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
MLS: 1277720
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

0000

Investment Calculator:

MonthlyYearly
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 Ratio12.79%12.79%
Cash Flow$1,451$17,412
Net Operating Income (NOI)$1,451$17,412
Capitalization Rate0.73%8.71%
Capitalization Rate: 8.71%
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).): $285,572