35 Phoenix Street
Paradise, NL, A1L4H8
5 Beds | 3 Baths
$544,900
About the property (MLS: 1277564):
**Construction started- currently framed** Great opportunity for 2-apartment on corner lot- Modern bungalow w/ southern exposure. Main level has 3 bedrooms (primary bedroom has a full ensuite and walk-in closet). Open concept living/dining/kitchen area w/ modern cabinetry. Spacious basement apartment has 2 bedrooms, and above ground exterior access. Dark siding, mini-split, front landscaping, back patio and double paved driveway included. Close to schools, daycare, Sobeys, liquor store, new retail plazas, rec centre, walk trails, and more! Quality build and multiple lots available- can be built to suit. (id:56688)
Property Details
Listing ID: 27464925
Address: 35 Phoenix Street, Paradise, Newfoundland & Labrador, Canada A1L4H8
Status: Active
Last updated: 4 months ago ( Sep 25, 2024 )
Year Built: 2024
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: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Other
Living Area Total: 2,576 square feet
Price per sq ft: $212
Tax Annual Amount: $4,032
Tax Year: 2024
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.551437, -52.893679]
Rooms
| Basement | Living room Bath (# pieces 1-6) Bedroom Bedroom Family room Kitchen | 10'11"" x 13' null 5'10"" x 5' null 11'6"" x 10'10"" null 9'7"" x 9'7"" null 12'7"" x 17'5"" null 11'2"" x 13' null |
| Other | Not known | 17' x 21'2"" null |
| Main level | Bedroom Bath (# pieces 1-6) Bedroom Ensuite Primary Bedroom Dining room Kitchen Living room | 9'6"" x 9'3"" null 5'8"" x 5' null 9'10"" x 11'11"" null 6'3"" x 8'4"" null 11'3"" x 13'6"" null 13'2"" x 9'1"" null 13' x 14'2"" null 13' x 12'9"" null |
Basic Calculator
First Mortgage: $435,920
Mortgage insurance premium: $0
Total Financing: $435,920
Rough closing fee (1.5%): ~ $8,174
Total downpayment with estimated closing fee: $117,154
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,834 | $34,008 |
| Gross rental income (income/principal ratio) | 0.520% | 6.241% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $682 | $8,184 |
| Vacancy | $142 | $1,701 |
| Management Fee | $227 | $2,721 |
| Expense / Income Ratio | 24.06% | 24.06% |
| Cash Flow | $1,784 | $21,408 |
| Net Operating Income (NOI) | $1,784 | $21,408 |
| Capitalization Rate | 0.33% | 3.93% |
