About the property (MLS: 1281038):
Check out this beautiful downtown gem! When you walk in the front door at 43 Franklyn Avenue you're greeted with a gorgeous blend of new flooring, from the hardwood in the hallway and living room to the new laminate throughout the kitchen to the warm, fuzzy carpet on the stairs. As you walk past the freshly modeled and painted living room into the kitchen you'll see the stainless steel kitchen appliances as well as the main floor laundry and storage unit. The back yard is a great space for entertaining as it is fully fenced and the patio provides a nice space to catch the sun in. The main floor is complete with the new half bathroom, a rarity in the area and a huge bonus for when you're entertaining, as well as access to the basement which has been recently insulated. The top floor consists of 3 good sized bedrooms and the full bathroom, all of which has been either remodeled and/or freshly painted! Make sure to checkout this incredible property! This home would work especially well for those looking for their first home downtown or an easy to rent AirBNB. - Sellers Direction is in place with no conveyance of offers earlier than 8PM this Sunday, January 19th. Offers should be left open until 11PM. (id:56688)
Property Details
Listing ID: 27833701
Address: 43 Franklyn Avenue, St. John's, Newfoundland & Labrador, Canada A1C4L2
Status: Active
Last updated: 22 days ago ( Jan 23, 2025 )
Year Built: 1944
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Mixed Flooring
Fencing: Fence
Living Area Total: 1,425 square feet
Price per sq ft: $189
Tax Annual Amount: $982
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 20
Rurl
Coordinates: [47.561841, -52.720757]
Rooms
Second level | Bath (# pieces 1-6) Primary Bedroom Bedroom Bedroom | 4PC null 12.3x11.6 null 10.3x11.6 null 9x8.4 null |
Main level | Bath (# pieces 1-6) Kitchen Living room | 2PC null 19.3x11.4 null 12.3x11.5 null |
Basic Calculator
First Mortgage: $215,200
Mortgage insurance premium: $0
Total Financing: $215,200
Rough closing fee (1.5%): ~ $4,035
Total downpayment with estimated closing fee: $57,835
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $1,568 | $18,816 |
Gross rental income (income/principal ratio) | 0.583% | 6.995% |
Mortgage | $0 | $0 |
Monthly Expenses | $337 | $4,044 |
Vacancy | $79 | $941 |
Management Fee | $126 | $1,506 |
Expense / Income Ratio | 21.49% | 21.49% |
Cash Flow | $1,028 | $12,336 |
Net Operating Income (NOI) | $1,028 | $12,336 |
Capitalization Rate | 0.38% | 4.59% |