About the property (MLS: 1280552):
This well-maintained 2-apartment property at 111 Brookfield Road offers a fantastic opportunity for investors or homeowners seeking rental income. Each unit features three spacious bedrooms, providing ample living space for tenants or extended family. With two separate apartments, the property holds great income-generating potential, making it an excellent addition to any real estate portfolio. Conveniently situated, this property is just minutes away from popular shopping areas, ensuring easy access to all your daily necessities. It is also within close proximity to the beautiful Bowring Park, offering residents the perfect outdoor retreat for relaxation and recreation. The property features two driveways, providing plenty of parking for tenants and guests. Significant updates include a fully updated electrical system in 2021, new shingles installed in 2021 and hot water tank installed in 2024. With its prime location, well-maintained condition, and recent improvements, 111 Brookfield Road presents an outstanding investment opportunity. Don't miss out—schedule your viewing today! Seller has signed a seller's direction and will not be considering offers until 5:00PM Sunday, Jan 19th. (id:56688)
Property Details
Listing ID: 27808789
Address: 111 Brookfield Road, St. John's, Newfoundland & Labrador, Canada A1E3V3
Status: Active
Last updated: a month ago ( Jan 16, 2025 )
Year Built: 1970
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 6
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,340 square feet
Price per sq ft: $141
Tax Annual Amount: $2,346
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 24
Rurl
Coordinates: [47.520975, -52.765185]
Rooms
Lower level | Not known Not known Not known Bath (# pieces 1-6) Not known Not known | 12x11 null 10x10 null 10x8 null 5x8 null 11x12 null 12x13 null |
Main level | Bedroom Bedroom Bedroom Bath (# pieces 1-6) Not known Dining room Living room | 12x10 null 10x11 null 11x11 null 9x4 null 13x14 null 10x9 null 14x14 null |
Basic Calculator
First Mortgage: $263,920
Mortgage insurance premium: $0
Total Financing: $263,920
Rough closing fee (1.5%): ~ $4,949
Total downpayment with estimated closing fee: $70,929
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,574 | $30,888 |
Gross rental income (income/principal ratio) | 0.780% | 9.363% |
Mortgage | $0 | $0 |
Monthly Expenses | $413 | $4,956 |
Vacancy | $129 | $1,545 |
Management Fee | $206 | $2,472 |
Expense / Income Ratio | 16.05% | 16.05% |
Cash Flow | $1,827 | $21,924 |
Net Operating Income (NOI) | $1,827 | $21,924 |
Capitalization Rate | 0.55% | 6.65% |