16 McKay Street
St. John's, NL, A1E1P2
3 Beds | 1 Bath
$125,000
About the property (MLS: 1280493):
Nestled in a prime location within walking distance to downtown, this property offers unparalleled convenience. However, potential buyers should note that it requires extensive renovation. Viewings are scheduled during daylight hours since the power has been cut off. The property is being sold "as is, where is," with no additional repairs or modifications made by the seller. No room measurements available at this time as it is in need of extensive renovations to make it livable. (id:56688)
Property Details
MLS: 1280493
Listing ID: 27768977
Address: 16 McKay Street, St. John's, Newfoundland & Labrador, Canada A1E1P2
Status: Active
Last updated: 12 days ago ( Jan 6, 2025 )
Year Built: 1960
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: No heat
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Tax Annual Amount: $1,137
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: No heat
Flooring: Mixed Flooring
Exterior Features: Wood shingles, Other
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.549256, -52.724518]
Listing ID: 27768977
Address: 16 McKay Street, St. John's, Newfoundland & Labrador, Canada A1E1P2
Status: Active
Last updated: 12 days ago ( Jan 6, 2025 )
Year Built: 1960
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: No heat
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Tax Annual Amount: $1,137
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: No heat
Flooring: Mixed Flooring
Exterior Features: Wood shingles, Other
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.549256, -52.724518]
Rooms
| Other | Other | SEE REMARKS null |
| Second level | Bedroom Bedroom Bedroom | SEE REMARKS null SEE REMARKS null SEE REMARKS null |
| Main level | Living room Kitchen | SEE REMARKS null SEE REMARKS null |
Basic Calculator
First Mortgage: $100,000
Mortgage insurance premium: $0
Total Financing: $100,000
Rough closing fee (1.5%): ~ $1,875
Total downpayment with estimated closing fee: $26,875
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | NaN% | NaN% |
| Cash Flow | $0 | $0 |
| Net Operating Income (NOI) | $0 | $0 |
| Capitalization Rate | 0.00% | 0.00% |
Capitalization Rate: 0.00%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $178,572
