13 Fourth Street
Mount Pearl, NL, A1N2B2
5 Beds | 2 Baths
$349,900
About the property (MLS: 1280524):
This registered 2 apartment home is located on an oversized lot in one of the most sought after locations in Mount Pearl! With many upgrades over the past few years, this home shows great and is a turn-key investment with both units currently rented to great tenants, with a current income of $3,325 monthly.The main unit has a bright and spacious floor plan, with the living room, dining room, & kitchen with new appliances. Three large bedrooms & the main bathroom finish the upstairs level, and downstairs houses its own laundry/storage area. The spacious 2 bedroom apartment has just been fully painted, (not seen in photos) and offers a large foyer, living room, eat-in kitchen, laundry room, and features all above ground windows, keeping the space bright & comfortable. The grounds outside are truly park-like, with the fully fenced yard and large mature trees for maximum enjoyment and privacy. Upgrades over the past few years include shingles, vinyl windows, siding, some kitchen appliances, flooring, trims, fixtures, some flooring, and fully painted throughout. This is the ideal investment property to add to your portfolio or an amazing starter home in an ideal centralized location! (id:56688)
Property Details
Listing ID: 27762790
Address: 13 Fourth Street, Mount Pearl, Newfoundland & Labrador, Canada A1N2B2
Status: Active
Last updated: 16 days ago ( Jan 3, 2025 )
Year Built: 1970
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Forced air, Oil
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Other
Fencing: Fence
Living Area Total: 1,980 square feet
Price per sq ft: $177
Tax Annual Amount: $1,700
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dryer
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Forced air, Oil
Flooring: Hardwood, Laminate, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 30
Rurl
Coordinates: [47.518364, -52.817027]
Rooms
| Basement | Not known Not known Not known | 11'9"" x 11'5"" null 9'0"" x 8'2"" null 11'11"" x 12'0"" null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Kitchen Living room | 4PC null 12'0"" x 9'11"" null 12'0"" x 9'11 null 11'10"" x 12'0"" null 12'0"" x 9'1"" null 12'6"" x 15'1"" null |
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,178 | $26,136 |
| Gross rental income (income/principal ratio) | 0.622% | 7.470% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $109 | $1,307 |
| Management Fee | $175 | $2,091 |
| Expense / Income Ratio | 20.11% | 20.11% |
| Cash Flow | $1,457 | $17,484 |
| Net Operating Income (NOI) | $1,457 | $17,484 |
| Capitalization Rate | 0.42% | 5.00% |
