257 Southside Road
St. John's, NL, A1E1A1
5 Beds | 2 Baths
$230,000
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
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
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| 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 Ratio | 17.44% | 17.44% |
| Cash Flow | $1,149 | $13,788 |
| Net Operating Income (NOI) | $1,149 | $13,788 |
| Capitalization Rate | 0.50% | 5.99% |
