29 Morgan Avenue
Paradise, NL, A1L3N3
5 Beds | 4 Baths
$449,900
About the property (MLS: 1277757):
Looking for a breathtaking 2-Apartment home in Paradise? Newly listed, this bungalow-style property features an oversized lot with potential drive-in access, a fully-fenced backyard and spacious back deck. The home's curb appeal is unmatched, complete with a covered front veranda. Upon entering, you're greeted by an enclosed porch leading to an open-concept kitchen, dining, and living room bathed in natural light with sleek laminate flooring. A new mini-split provides added comfort. The living room boasts an elegant shiplap wall with an electric fireplace, perfect for cozy evenings. The kitchen is equipped with stainless steel appliances, abundant cabinetry, and a large galley-style island. The primary bedroom features a walk-in closet and a 3pc ensuite with exquisite ceramic tiling, a stand-up shower, and a vanity. In total, there are three spacious bedrooms, two full baths on the main floor, plus a rec room, half bath, and laundry downstairs, accented with dark wooden spindles and barnboard for a sophisticated flair. The 2-bedroom apartment has its own side entrance, double parking, and mirrors the main home's open-concept design, including stainless steel appliances, a dishwasher, and in-unit laundry. The expansive backyard is landscaped and includes a 12x16 shed for storage. This stunning 2-Apartment home is a must-see and currently has tenants in both units. (id:56688)
Property Details
Listing ID: 27460593
Address: 29 Morgan Avenue, Paradise, Newfoundland & Labrador, Canada A1L3N3
Status: Active
Last updated: 7 days ago ( Sep 27, 2024 )
Year Built: 2015
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other, Ceramic Tile
Fencing: Fence
Living Area Total: 2,488 square feet
Price per sq ft: $181
Tax Annual Amount: $2,840
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other, Ceramic Tile
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 50
Rurl
Coordinates: [47.554052, -52.89776]
Rooms
| Basement | Bedroom Bedroom Family room Living room Kitchen Laundry room | 12.00X12.40 null 9.60X9.80 null 11.00X19.10 null 11.80X18.10 null 9.10X12.00 null 6.40X7.00 null |
| Main level | Ensuite Bedroom Bedroom Primary Bedroom Dining room Living room Kitchen | 5.80X6.00 null 9.80X11.80 null 10.00X11.80 null 12.00X12.80 null 8.40X13.10 null 11.40X17.30 null 9.50X13.10 null |
Basic Calculator
First Mortgage: $359,920
Mortgage insurance premium: $0
Total Financing: $359,920
Rough closing fee (1.5%): ~ $6,749
Total downpayment with estimated closing fee: $96,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,737 | $32,844 |
| Gross rental income (income/principal ratio) | 0.608% | 7.300% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $563 | $6,756 |
| Vacancy | $137 | $1,643 |
| Management Fee | $219 | $2,628 |
| Expense / Income Ratio | 20.57% | 20.57% |
| Cash Flow | $1,819 | $21,828 |
| Net Operating Income (NOI) | $1,819 | $21,828 |
| Capitalization Rate | 0.40% | 4.85% |
