16 Invermore Place
CBS, NL, A1W3C7
5 Beds | 2 Baths
$339,900
About the property (MLS: 1282256):
Wonderful 2-Apartment home on an oversized lot in sunny CBS. The main unit is a 3 bedroom with the large spacious apartment being a great 2 bedroom unit. Both units have excellent long term tenants who would love to stay. The main unit is currently rented for $1,575/m with the apartment bringing in $925/m (both POU). Some of the improvements over the last few years include a new roof (2023), washer/dryer & hot water tank in main unit, new storage shed in backyard and new digital thermostats throughout. There is a large back deck accessible from the main unit with views of the bay, great area for those summer bbq's and get togethers. With current shortages of 2-apartment homes in this price range be sure to book your viewing ASAP. ***As per the Sellers Directive, there will be no conveyance of any written offers prior to 6pm on March 9th, 2025 and all offers are to remain open for consideration until 11pm on March 9th, 2025.*** (id:56688)
Property Details
Listing ID: 27984251
Address: 16 Invermore Place, CBS, Newfoundland & Labrador, Canada A1W3C7
Status: Active
Last updated: 18 days ago ( Mar 5, 2025 )
Year Built: 1996
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: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 2,200 square feet
Price per sq ft: $155
Tax Annual Amount: $2,439
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 26
Rurl
Coordinates: [47.514997, -52.954573]
Rooms
| Lower level | Bath (# pieces 1-6) Not known Not known Not known Not known | 4pc 11.5 x 10.2 null 11 x 10.1 null 15.11 x 10.2 null 17.9 x 10.7 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Not known Living room | 4pc 9.5 x 8 null 10.2 x 10 null 11.10 x 10.6 null 18.7 x 10.10 null 17.10 x 11.8 null |
Basic Calculator
First Mortgage: $271,920
Mortgage insurance premium: $0
Total Financing: $271,920
Rough closing fee (1.5%): ~ $5,099
Total downpayment with estimated closing fee: $73,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,420 | $29,040 |
| Gross rental income (income/principal ratio) | 0.712% | 8.544% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $425 | $5,100 |
| Vacancy | $121 | $1,452 |
| Management Fee | $194 | $2,324 |
| Expense / Income Ratio | 17.56% | 17.56% |
| Cash Flow | $1,681 | $20,172 |
| Net Operating Income (NOI) | $1,681 | $20,172 |
| Capitalization Rate | 0.49% | 5.93% |
