32 Gear Street
St. John's, NL, A1C2J5
4 Beds | 1 Bath
$185,000
About the property (MLS: 1280848):
Welcome to 32 Gear Street! This property is a fantastic opportunity for investors or those looking for a renovation project with potential. Currently rented by the room, it offers a steady income stream for those who wish to continue operating it as a rental property. Notable upgrades include newer vinyl siding and windows, as well as a 200-amp breaker panel, ensuring modernized infrastructure for the new owner. The property also boasts a good-sized backyard, providing outdoor space to enjoy or enhance further. Whether you’re looking to maintain it as an income-generating rental or transform it into a beautifully renovated home, 32 Gear Street offers flexibility and potential. (id:56688)
Property Details
Listing ID: 27793932
Address: 32 Gear Street, St. John's, Newfoundland & Labrador, Canada A1C2J5
Status: Active
Last updated: 16 days ago ( Jan 28, 2025 )
Year Built: 1948
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 4
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Carpeted, Mixed Flooring
Living Area Total: 1,400 square feet
Price per sq ft: $133
Tax Annual Amount: $1,436
Tax Year: 2025
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: Baseboard heaters, Electric
Flooring: Carpeted, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.562121, -52.717753]
Rooms
| Main level | Bedroom |
Basic Calculator
First Mortgage: $148,000
Mortgage insurance premium: $0
Total Financing: $148,000
Rough closing fee (1.5%): ~ $2,775
Total downpayment with estimated closing fee: $39,775
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,541 | $18,492 |
| Gross rental income (income/principal ratio) | 0.833% | 9.996% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $232 | $2,784 |
| Vacancy | $78 | $925 |
| Management Fee | $124 | $1,480 |
| Expense / Income Ratio | 15.06% | 15.06% |
| Cash Flow | $1,109 | $13,308 |
| Net Operating Income (NOI) | $1,109 | $13,308 |
| Capitalization Rate | 0.60% | 7.19% |
