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TelephoneEmail12 Fleming Street, St. John's, Newfoundland & Labrador, Canada A1C3A2

12 Fleming Street

St. John's, NL, A1C3A2

location

3 Beds | 2 Baths

$199,900

12 Fleming Street St. John's Newfoundland & Labrador Canada A1C3A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Fleming Street St. John's Newfoundland & Labrador Canada A1C3A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Fleming Street St. John's Newfoundland & Labrador Canada A1C3A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Fleming Street St. John's Newfoundland & Labrador Canada A1C3A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Fleming Street St. John's Newfoundland & Labrador Canada A1C3A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Fleming Street St. John's Newfoundland & Labrador Canada A1C3A2, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1280925):

This 2 apt home located on the corner of Donnelly's Lane has endless opportunities with the right vision and reno team. The main floor offers a 1 bedroom 1 bath home that is perfect with someone with mobility issues with a ramp and everything contained in the one unit including laundry hookup. The second unit which occupies the second and third floor, has 2 bedrooms and 1 bath. Many renos are needed for this unit. Some recent upgrades include a new torched on roof in 2018, vinyl siding and windows. What a great opportunity to own and be part of the Georgetown area. Estate sale selling as is where is. As per sellers direction offers to be presented on Friday January 17 at 4 pm (id:56688)

Property Details
MLS: 1280925
Listing ID: 27803267
Address: 12 Fleming Street, St. John's, Newfoundland & Labrador, Canada A1C3A2
Status: Active
Last updated: a month ago ( Jan 15, 2025 )
Year Built: 1950
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,575 square feet
Price per sq ft: $127
Tax Annual Amount: $1,723
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Block, Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 6
Rurl
Coordinates: [47.571023, -52.713933]

Rooms

Third level
Bath (# pieces 1-6)
Bedroom
Bedroom
5x11 null
8x11 null
12.8x11.4 null
Second level
Foyer
Living room
Not known
5.9x5.5 null
16x10 null
13.6x11.6 null
Main level
Bath (# pieces 1-6)
Not known
Not known
Not known
6x4 null
8.6x9 null
16x10 null
12.6x5.9 null

Basic Calculator



First Mortgage: $159,920

Mortgage insurance premium: $0

Total Financing: $159,920

Rough closing fee (1.5%): ~ $2,999

Total downpayment with estimated closing fee: $42,979

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$1,733$20,796
Gross rental income (income/principal ratio)0.867%10.403%
Mortgage$0$0
Monthly Expenses$250$3,000
Vacancy$87$1,040
Management Fee$139$1,664
Expense / Income Ratio14.43%14.43%
Cash Flow$1,258$15,096
Net Operating Income (NOI)$1,258$15,096
Capitalization Rate0.63%7.55%
Capitalization Rate: 7.55%
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).): $285,572