83 Acharya Drive
Paradise, NL, A1L0P9
4 Beds | 3 Baths
$469,900
About the property (MLS: 1278632):
Welcome to 83 Acharya Drive in the beautiful Adams Pond Subdivision in Paradise. Just minutes to the Adams Pond walking trail and all major amenities, this home is a true show stopper. Built in 2017, this 2-Apartment home gives you flexibility and residual income to help pay your mortgage. Walking in the front door, you will be amazed by the openness of this home with a large porch area and coat closet. Up the stairs to the main level of the home you will find a large open concept kitchen with white cabinets, a stunning backsplash, an off color center island and a spacious dining and living area. Through the main hallway, there is a main floor laundry closet, a main bathroom and three spacious bedrooms including a large primary bedroom with a walk in closet and en-suite with a stand up shower. The main floor is heated with an 18000 BTU mini split heat pump and electric heat. The basement has a rec room area and access to the large attached garage. The one bedroom apartment boasts approximately 700 square feet of above ground living with an open concept kitchen, dining and living space with a main bathroom and own laundry with a stackable washer and dryer. Some great exterior features include a 10 x 12 deck on the rear of the home, drive in access to the rear yard and a fully fenced yard. The basement apartment currently rents for $850/month internet included, tenant would like to stay. This home won't last long. Set up your private showing today! As per Sellers Direction, all offers to be submitted no later than 5PM on Friday, October.18th. Conveyance of offers will take place at 7PM on Friday, October.18. (id:56688)
Property Details
Listing ID: 27543768
Address: 83 Acharya Drive, Paradise, Newfoundland & Labrador, Canada A1L0P9
Status: Active
Last updated: a month ago ( Oct 16, 2024 )
Year Built: 2017
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other
Fencing: Fence
Living Area Total: 2,033 square feet
Price per sq ft: $232
Tax Annual Amount: $4,100
Tax Year: 2024
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.537461, -52.895437]
Rooms
| Basement | Not known Not known Not known Not known Recreation room | 4.0 x 6.0 null 10.0 x 10.0 null 10.0 x 8.6 null 12.4 x 11.4 null 11.2 x 11.2 null |
| Main level | Laundry room Bath (# pieces 1-6) Ensuite Bedroom Bedroom Primary Bedroom Foyer Living room Kitchen | 4.0 x 8.0 null 3PC null 3PC null 12.0 x 10.0 null 12.0 x 10.0 null 14.0 x 12.0 null 7.6 x 4.6 null 12.11 x 11.7 null 18.8 x 14.0 null |
Basic Calculator
First Mortgage: $375,920
Mortgage insurance premium: $0
Total Financing: $375,920
Rough closing fee (1.5%): ~ $7,049
Total downpayment with estimated closing fee: $101,029
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,237 | $26,844 |
| Gross rental income (income/principal ratio) | 0.476% | 5.713% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $588 | $7,056 |
| Vacancy | $112 | $1,343 |
| Management Fee | $179 | $2,148 |
| Expense / Income Ratio | 26.29% | 26.29% |
| Cash Flow | $1,359 | $16,308 |
| Net Operating Income (NOI) | $1,359 | $16,308 |
| Capitalization Rate | 0.29% | 3.47% |
