16 Phoenix Drive
Paradise, NL, A1L4H9
4 Beds | 4 Baths
$399,900
About the property (MLS: 1279777):
Looking for a 2-Apartment home in immaculate condition? Check out this beauty. The main unit is open concept with 3 bedrooms. All finishes are modern and sleek. Crown goes throughout most of the main. This home boasts a gorgeous kitchen that includes stainless steel appliances and centre island. The 3 bedrooms are a good size. The master is complete with a ensuite and walk-in closet. There is a sizeable rec room that also has a half bath and laundry room. The apartment is also open concept and in phenomenal condition. It has a spacious living room and kitchen, 1 bedroom and 1 bathroom. The basement is currently vacant and the main unit tenant will be out by the middle of December. Both units are in amazing condition and will get top rent. As per sellers direction there will be no conveyance of offers before 5pm Sunday December 1st, all offers to be responded to by 8pm and all offers should be left open until that time. (id:56688)
Property Details
Listing ID: 27681946
Address: 16 Phoenix Drive, Paradise, Newfoundland & Labrador, Canada A1L4H9
Status: Active
Last updated: 16 days ago ( Nov 25, 2024 )
Year Built: 2017
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile
Fencing: Partially fenced
Living Area Total: 2,170 square feet
Price per sq ft: $185
Tax Annual Amount: $2,549
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Ceramic Tile
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.551769, -52.892058]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Laundry room Bath (# pieces 1-6) Recreation room | 4 pcs 13.2 x 10.10 null 11.3 x 13.7 null 14.1 x 12.4 null 10.1 x 5.0 null 2 pc 16.3 x 10.3 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Not known Living room Porch | 4 pcs 10.0 x 8.6 null 10.0 x 8.6 null 4 pcs 13.3 x 11.9 null 12.2 x 15 null 13.3 x 12.8 null 12.3 x 6.7 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,387 | $28,644 |
| Gross rental income (income/principal ratio) | 0.597% | 7.163% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $120 | $1,433 |
| Management Fee | $191 | $2,292 |
| Expense / Income Ratio | 20.95% | 20.95% |
| Cash Flow | $1,577 | $18,924 |
| Net Operating Income (NOI) | $1,577 | $18,924 |
| Capitalization Rate | 0.39% | 4.73% |
