137 Higgins Line
St. John's, NL, A1B2Y7
5 Beds | 2 Baths
$375,000
About the property (MLS: 1284140):
Fantastic Opportunity! Attention Investors, 1st time home buyers or those Families w/ Children going to School, 2-Apartment home located on Higgins Line in East End close to the Marine Institute, MUN, CONA, Airport, Stavanger Drive Shopping, highway access & all other major amenities including bus routes. Upstairs is completely renovated featuring large open living & dining area, renovated eat-in kitchen (2021), main 4-piece bath, spacious primary bedroom & 2 good sized other bedrooms. Downstairs features plenty of storage & laundry area for the main unit as well. Huge 2-bedroom basement apartment, completely renovated in 2021 featuring a big living area, eat-in kitchen, 4-piece bath, pantry & 2 good sized bedrooms. New Hot Water tanks(2), Pex plumbing & electrical upgrade (2021) w/ 2 meters, parking for 5+ vehicles, Vacant main unit & apartment rented for $1,200 POU to great long term tenants, Great investment opportunity for today’s new world! A seller's direction is in place all offers to be presented by 8:00 pm on Sunday April 27, 2025 and to remain open until 10:00 pm Sunday April 27, 2025. (id:56688)
Property Details
Listing ID: 28215784
Address: 137 Higgins Line, St. John's, Newfoundland & Labrador, Canada A1B2Y7
Status: Active
Last updated: 25 days ago ( Apr 25, 2025 )
Year Built: 1968
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate
Fencing: Fence
Living Area Total: 2,440 square feet
Price per sq ft: $154
Tax Annual Amount: $2,250
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 20
Rurl
Coordinates: [47.591406, -52.728828]
Rooms
| Basement | Storage Bath (# pieces 1-6) Laundry room Not known Not known Not known Not known | 7.6 x 12 null B4 null 10 x 13.6 null 10.4 x 10.6 null 11.4 x 12.6 null 11.4 x 13 null 12.4 x 13.6 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Dining room Not known Living room | B4 null 8.1 x 11.8 null 9.4 x 11 null 12.6 x 14.3 null 9 x 10.6 null 13 x 13 null 14 x 16 null |
Basic Calculator
First Mortgage: $300,000
Mortgage insurance premium: $0
Total Financing: $300,000
Rough closing fee (1.5%): ~ $5,625
Total downpayment with estimated closing fee: $80,625
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,684 | $32,208 |
| Gross rental income (income/principal ratio) | 0.716% | 8.589% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $469 | $5,628 |
| Vacancy | $135 | $1,611 |
| Management Fee | $215 | $2,577 |
| Expense / Income Ratio | 17.47% | 17.47% |
| Cash Flow | $1,867 | $22,404 |
| Net Operating Income (NOI) | $1,867 | $22,404 |
| Capitalization Rate | 0.50% | 5.97% |
