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TelephoneEmail257 Southside Road, St. John's, Newfoundland & Labrador, Canada A1E1A1

257 Southside Road

St. John's, NL, A1E1A1

location

5 Beds | 2 Baths

$230,000

257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
257 Southside Road St. John's Newfoundland & Labrador Canada A1E1A1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1279867):

This two apartment home is situated on Southside Road, a stones throw away from the Downtown core. With some TLC this two apartment home would make the perfect place to call home or investment property. The front unit features three stores with the main boasting a spacious kitchen, main floor laundry and living room, the second floor has two bedrooms, main bathroom and the third floor features a bonus room which would be a great space for the kids, a recroom or a third bedroom! The registered apartment has an entrance at the side, has an open concept main floor and a second floor with two bedrooms and main bathroom. The rear unit is tenant occupied so 24 hour notice is required to view, the main unit is vacant. Property being sold 'as is, where is'. (id:56688)

Property Details
MLS: 1279867
Listing ID: 27677391
Address: 257 Southside Road, St. John's, Newfoundland & Labrador, Canada A1E1A1
Status: Active
Last updated: 15 hours ago ( Dec 11, 2024 )
Year Built: 2024
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,500 square feet
Price per sq ft: $154
Tax Annual Amount: $1,681
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.553156, -52.711819]

Rooms

Second level
Kitchen
Bedroom
Bedroom
Bedroom
9x13 null
12x13 null
10x12 null
12x14 null
Main level
Bedroom
Bedroom
Kitchen
Living room
9x13 null
9x7 null
11x14 null
13x14 null

Basic Calculator



First Mortgage: $184,000

Mortgage insurance premium: $0

Total Financing: $184,000

Rough closing fee (1.5%): ~ $3,450

Total downpayment with estimated closing fee: $49,450

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$1,651$19,812
Gross rental income (income/principal ratio)0.718%8.614%
Mortgage$0$0
Monthly Expenses$288$3,456
Vacancy$83$991
Management Fee$133$1,585
Expense / Income Ratio17.44%17.44%
Cash Flow$1,149$13,788
Net Operating Income (NOI)$1,149$13,788
Capitalization Rate0.50%5.99%
Capitalization Rate: 5.99%
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).): $328,572