14 NORMAS Avenue
MOUNT PEARL, NL, A1N1C4
5 Beds | 3 Baths
$359,900
About the property (MLS: 1280420):
Check out this unique property - ideal for investors or you may choose to live in one unit and rent the other. This is a registered 2 apartment but essentially it is 2 homes on a large mature lot with plenty of parking. The two storey section consists of three bedrooms, one and a half baths and a large laundry/ storage room. Recent upgrades to this unit include new flooring in front hall, living and bedroom. Plus new hot water boiler. The bungalow section has a brand new roof, with a three year warranty, new front door and bathroom window replaced. Both units have been plastered and painted throughout. Also two patio decks, separate meters and fridge/stove, washer/dryer for both units. This is a terrific location. A quiet mature area close to all amenities. Please Note. There will be No Conveyance of any Written Signed offers before 1 pm on Dec. 23 2024.All offers are to remain open for acceptance until 5 pm on Dec. 23 2024 (id:56688)
Property Details
Listing ID: 27746958
Address: 14 NORMAS Avenue, MOUNT PEARL, Newfoundland & Labrador, Canada A1N1C4
Status: Active
Last updated: a month ago ( Dec 20, 2024 )
Year Built: 1960
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 5
Baths: 3
1/2 Baths: 1
Heating: Forced air, Oil, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,182 square feet
Price per sq ft: $165
Tax Annual Amount: $0
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Forced air, Oil, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 16
Rurl
Coordinates: [47.514869, -52.812255]
Rooms
| Basement | Laundry room | 23'2 x 10'6 null |
| Main level | Bath (# pieces 1-6) Bedroom Primary Bedroom Living room Not known Not known Living room | 6'9 x 5'2 null 9'2 x 8'8 null 1o'10 x 11'9 null 12'1 x 14'11 null 15'11 x 12'7 null 15'10 x 15'3 null 23'3 x 12'10 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 7'5 x 6'10 null 7X15'6 x 7'5 null 1o'10 x 9'5 null 12'1 x 12'10 null |
Basic Calculator
First Mortgage: $287,920
Mortgage insurance premium: $0
Total Financing: $287,920
Rough closing fee (1.5%): ~ $5,399
Total downpayment with estimated closing fee: $77,379
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,401 | $28,812 |
| Gross rental income (income/principal ratio) | 0.667% | 8.006% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $450 | $5,400 |
| Vacancy | $121 | $1,441 |
| Management Fee | $193 | $2,305 |
| Expense / Income Ratio | 18.74% | 18.74% |
| Cash Flow | $1,639 | $19,668 |
| Net Operating Income (NOI) | $1,639 | $19,668 |
| Capitalization Rate | 0.46% | 5.46% |
