123 Acharya Drive
Paradise, NL, A1L4A5
5 Beds | 3 Baths
$420,000
About the property (MLS: 1282450):
Welcome to this fantastic fully vacant 2-apartment home, perfect for homeowners looking for rental income or investors seeking a prime opportunity! The main unit features 3 spacious bedrooms and 2 bathrooms, including a primary suite with an ensuite bathroom and walk-in closet. The open-concept living space offers a large eat-in kitchen, perfect for family gatherings. The main unit also offers a bright rec room for extra living space. The basement apartment is bright and inviting, offering 2 bedrooms and 1 bathroom with an open-concept living area, ideal for rental income or extended family. Additional highlights include a wired shed for extra storage and a prime location in the highly desirable Adams Pond subdivision—close to parks, trails, and all amenities. Don’t miss out on this incredible opportunity! As per sellers directive, no offers will be presented until 10AM March 17th. Offers to be left open until 2PM March 17th. (id:56688)
Property Details
Listing ID: 28018039
Address: 123 Acharya Drive, Paradise, Newfoundland & Labrador, Canada A1L4A5
Status: Active
Last updated: 8 days ago ( Mar 15, 2025 )
Year Built: 2013
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other
Fencing: Partially fenced
Living Area Total: 2,084 square feet
Price per sq ft: $202
Tax Annual Amount: $2,873
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 36
Rurl
Coordinates: [47.537185, -52.891849]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Not known Bedroom Not known Not known | 4PC null 10'5""x12 null 10'1""x10'1"" null 9'5""x11'11"" null 8'1""x10'1"" null 15'11""x10'1"" null |
| Lower level | Recreation room Laundry room | 18x11'7"" null 6'2""x4'11"" null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Living room Not known | 4PC null 9x9'1"" null 9'8""x9'1"" null 3PC null 12'6""x12'10"" null 11x17'11 null 11x18'11"" null |
Basic Calculator
First Mortgage: $336,000
Mortgage insurance premium: $0
Total Financing: $336,000
Rough closing fee (1.5%): ~ $6,300
Total downpayment with estimated closing fee: $90,300
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,293 | $27,516 |
| Gross rental income (income/principal ratio) | 0.546% | 6.551% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $525 | $6,300 |
| Vacancy | $115 | $1,376 |
| Management Fee | $184 | $2,202 |
| Expense / Income Ratio | 22.90% | 22.90% |
| Cash Flow | $1,470 | $17,640 |
| Net Operating Income (NOI) | $1,470 | $17,640 |
| Capitalization Rate | 0.35% | 4.20% |
