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TelephoneEmail12 Cashin Avenue, St. John's, Newfoundland & Labrador, Canada A1E3A8

12 Cashin Avenue

St. John's, NL, A1E3A8

location

0 Bed |

$799,900

12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
12 Cashin Avenue St. John's Newfoundland & Labrador Canada A1E3A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1281225):

Exceptional 6-unit, 2-storey property ideally located in the heart of the city, within walking distance to amenities, schools, walking trails, bus routes, and the vibrant downtown core. Just a short drive to Memorial University, the Health Sciences Centre, and Avalon Mall, this property offers unparalleled convenience and appeal for tenants. Each of the six bright and spacious units features a comfortable living room, kitchen with an eating area, and 2-3 bedrooms, along with a full bathroom. Extensively renovated in 2017, the property underwent meticulous updates down to the studs, including new electrical systems (6 individual meters plus a house meter), PEX plumbing throughout, upgraded insulation, and a completely refurbished exterior with new siding, windows, and doors. Currently, all six units are leased with tenants eager to remain, making this an ideal investment opportunity. All leases are POU. Don’t miss out on this rare opportunity! *Offers to be submitted Monday, January 27, 2024 @ 5:30pm and left open for acceptance until Monday, January 27 @ 6:30pm (id:56688)

Property Details
MLS: 1281225
Listing ID: 27840136
Address: 12 Cashin Avenue, St. John's, Newfoundland & Labrador, Canada A1E3A8
Status: Active
Last updated: 18 days ago ( Jan 26, 2025 )
Year Built: 2017
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 5,450 square feet
Price per sq ft: $147
Tax Annual Amount: $5,622
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 39
Rurl
Coordinates: [47.555698, -52.732414]

Rooms

Basic Calculator



First Mortgage: $639,920

Mortgage insurance premium: $0

Total Financing: $639,920

Rough closing fee (1.5%): ~ $11,999

Total downpayment with estimated closing fee: $171,979

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Investment Calculator:

MonthlyYearly
Gross Revenue$5,996$71,952
Gross rental income (income/principal ratio)0.750%8.995%
Mortgage$0$0
Monthly Expenses$1,000$12,000
Vacancy$300$3,598
Management Fee$480$5,757
Expense / Income Ratio16.68%16.68%
Cash Flow$4,217$50,604
Net Operating Income (NOI)$4,217$50,604
Capitalization Rate0.53%6.33%
Capitalization Rate: 6.33%
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).): $1,142,715