56 Cashin Avenue
St. John's, NL, A1E3B3
0 Bed |
$699,900
About the property (MLS: 1284002):
INVESTMENT OPPORTUNITY! This well maintained, 5 unit apartment building, consisting of Two 2-Bedroom units, and 3 Bachelor units, is centrally located in close proximity to MUN, the Avalon Mall, and on all major bus routes. Each of the five units are spacious, bright & comfortable, with most units receiving a modern facelift within the past few years. The two-bedroom units are situated through the front ground-level entry door, and both feature laundry facilities in-unit, great sized kitchen & living rooms, full bathrooms and two spacious bedrooms each. The remaining units are bachelor-style suites, all featuring full-size kitchens, full bathrooms & functional living spaces. The building has received upgrades such as some plumbing, electrical, flooring, paint & interior finishes in the last few years. An abundance of off-street parking is on site, conveniently on the front and the side of the building. Currently, 4 of the units are rented (POU) to great long-term tenants who wish to remain, while one of the units is vacant & move-in ready. This is an incredible investment opportunity in an amazing, centralized location in the city! There will be no conveyance of any written signed offers prior to 5PM on the 26th day of April 2025. All offers are to remain open for acceptance until 10PM on the 26 day of April, 2025. (id:56688)
Property Details
Listing ID: 28195658
Address: 56 Cashin Avenue, St. John's, Newfoundland & Labrador, Canada A1E3B3
Status: Active
Last updated: 21 days ago ( Apr 22, 2025 )
Year Built: 1979
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted
Living Area Total: 3,260 square feet
Price per sq ft: $215
Tax Annual Amount: $2,665
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 38
Rurl
Coordinates: [47.558387, -52.734321]
Rooms
Basic Calculator
First Mortgage: $559,920
Mortgage insurance premium: $0
Total Financing: $559,920
Rough closing fee (1.5%): ~ $10,499
Total downpayment with estimated closing fee: $150,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,587 | $43,044 |
| Gross rental income (income/principal ratio) | 0.513% | 6.150% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $875 | $10,500 |
| Vacancy | $180 | $2,153 |
| Management Fee | $287 | $3,444 |
| Expense / Income Ratio | 24.39% | 24.39% |
| Cash Flow | $2,246 | $26,952 |
| Net Operating Income (NOI) | $2,246 | $26,952 |
| Capitalization Rate | 0.32% | 3.85% |
