122 Smallwood Drive
Mount Pearl, NL, A1N1B4
5 Beds | 3 Baths
$389,900
About the property (MLS: 1279919):
Completely renovated 2 Apt Home located in Mount Pearl. This gorgeous 5 bedroom home has been completely renovated from the studs out from top to bottom. Renos include Insulation, drywall, electrical, plumbing, 2 new kitchens, new bathrooms, windows, doors, siding, shingles, patio decks, fencing, hot water boilers, 4 car paved driveway and the list goes on. The 2 bedroom ground level walk in basement apt is fully above ground and very bright and spacious. This beautiful property comes fully furnished and the main floor was operating as an Air BNB. This unregistered 2 apt home has 2 meters but only one water tax. Garbage Bin $20 yearly. Offer presentation is on Sat Nov 30th at 1pm. (id:56688)
Property Details
Listing ID: 27680700
Address: 122 Smallwood Drive, Mount Pearl, Newfoundland & Labrador, Canada A1N1B4
Status: Active
Last updated: 2 months ago ( Nov 25, 2024 )
Year Built: 1963
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: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Fencing: Fence
Living Area Total: 2,190 square feet
Price per sq ft: $179
Tax Annual Amount: $1,910
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: Hardwood, Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Common Interest: Freehold
Number of photos available: 50
Rurl
Coordinates: [47.515006, -52.802672]
Rooms
| Basement | Not known Not known Not known Not known Not known | 11x8 null 11x9 null 11x10 null 20x12 null 11x10 null |
| Lower level | Bath (# pieces 1-6) Laundry room Recreation room | 5.1x5.1 null 8x5.1 null 28.7x10.3 null |
| Main level | Foyer Storage Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Living room Not known | 6.5x4.4 null 8.1x4.2 null 7.11x7.4 null 9.11x8.1 null 11x9.11 null 13.3x10.11 null 14.10x13.11 null 16.8x15.11 null |
Basic Calculator
First Mortgage: $311,920
Mortgage insurance premium: $0
Total Financing: $311,920
Rough closing fee (1.5%): ~ $5,849
Total downpayment with estimated closing fee: $83,829
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,409 | $28,908 |
| Gross rental income (income/principal ratio) | 0.618% | 7.414% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $488 | $5,856 |
| Vacancy | $121 | $1,446 |
| Management Fee | $193 | $2,313 |
| Expense / Income Ratio | 20.26% | 20.26% |
| Cash Flow | $1,608 | $19,296 |
| Net Operating Income (NOI) | $1,608 | $19,296 |
| Capitalization Rate | 0.41% | 4.95% |
