57 BLACKLER Avenue
ST. JOHN'S, NL, A1E3E9
2 Beds | 1 Bath
$350,000
About the property (MLS: 1281681):
This Residental/Commercial property is a two bedroom self contained apartment. Top floor is vacant but the Commercial area on the main is currently rented for $1,300.00 per month. Lease is up at the end of March but tenants are willing to stay if new owners would allow. This could be used for any sort of retail business and has 6-8 parking spaces. All measurements are approximate. This property is ideal for a first time home buyer with a commercial business to rent on lower level to help with income or a rental property for both units. (id:56688)
Property Details
Listing ID: 27906174
Address: 57 BLACKLER Avenue, ST. JOHN'S, Newfoundland & Labrador, Canada A1E3E9
Status: Active
Last updated: a month ago ( Feb 12, 2025 )
Year Built: 1975
Property Type: Other
Architectural Style: Bungalow
Structure Type: Other
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,128 square feet
Price per sq ft: $165
Tax Annual Amount: $2,595
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Alarm System
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 13
Rurl
Coordinates: [47.549255, -52.744433]
Rooms
| Basement | Other Other Storage | 4.6x29 null 28x29 null 9.6x11 null |
| Second level | Primary Bedroom Bedroom Eating area Living room Kitchen | 11x17 null 10.6x10.6 null 9x10.6 null 10.6x16 null 9x10.6 null |
Basic Calculator
First Mortgage: $280,000
Mortgage insurance premium: $0
Total Financing: $280,000
Rough closing fee (1.5%): ~ $5,250
Total downpayment with estimated closing fee: $75,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,341 | $28,092 |
| Gross rental income (income/principal ratio) | 0.669% | 8.026% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $118 | $1,405 |
| Management Fee | $188 | $2,248 |
| Expense / Income Ratio | 18.71% | 18.71% |
| Cash Flow | $1,599 | $19,188 |
| Net Operating Income (NOI) | $1,599 | $19,188 |
| Capitalization Rate | 0.46% | 5.48% |
