32 Albany Place
St. John's, NL, A1E1Y2
5 Beds | 3 Baths
$369,900
About the property (MLS: 1281656):
Welcome to 32 Albany Place. This 2 apartment home is located in the heart of the city, just minutes to downtown and close to all amenities. This home is currently used as a investment/income property. With a rental income of $3600 monthly, heat included, as property is heated with hot water radiation, both units have separate meters for utilities. This home would make a great investment or family home with additional income potential. Sellers Directive in place. No conveyance of offers until Feb 21 at 7 pm . All offers to be open until Feb 21, 10pm. (id:56688)
Property Details
Listing ID: 27924448
Address: 32 Albany Place, St. John's, Newfoundland & Labrador, Canada A1E1Y2
Status: Active
Last updated: 24 days ago ( Feb 20, 2025 )
Year Built: 1965
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 3
1/2 Baths: 1
Heating: Hot water radiator heat, Oil
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 3,655 square feet
Price per sq ft: $102
Tax Annual Amount: $1,420
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Hot water radiator heat, Oil
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 24
Rurl
Coordinates: [47.549614, -52.731957]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known | 5 x 9.8 null 9 x 13 null 9 x 15 null 13.8 x 12 null 12 x 13 null |
| Lower level | Utility room Recreation room Bath (# pieces 1-6) | 8.8 x 13 null 10 x 22 null 3 x 6.5 null |
| Main level | Primary Bedroom Bedroom Bedroom Bath (# pieces 1-6) Living room Kitchen | 11.3 x 16.5 null 9 x 11.5 null 8 x 10.3 null 5 x 11.4 null 13 x 23 null 19.5 x 11.5 null |
Basic Calculator
First Mortgage: $295,920
Mortgage insurance premium: $0
Total Financing: $295,920
Rough closing fee (1.5%): ~ $5,549
Total downpayment with estimated closing fee: $79,529
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,021 | $48,252 |
| Gross rental income (income/principal ratio) | 1.087% | 13.045% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $463 | $5,556 |
| Vacancy | $202 | $2,413 |
| Management Fee | $322 | $3,861 |
| Expense / Income Ratio | 11.51% | 11.51% |
| Cash Flow | $3,036 | $36,432 |
| Net Operating Income (NOI) | $3,036 | $36,432 |
| Capitalization Rate | 0.82% | 9.85% |
