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
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
Investment Calculator:
Monthly | Yearly | |
---|---|---|
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 Ratio | 14.43% | 14.43% |
Cash Flow | $1,258 | $15,096 |
Net Operating Income (NOI) | $1,258 | $15,096 |
Capitalization Rate | 0.63% | 7.55% |