135 Empire Avenue
St. John's, NL, A1C3G1
2 Beds | 1 Bath
$129,000
About the property (MLS: 1285214):
As is where is, this property is in need of major renovations or possibly value in the land only . Currently there is No Electricity and the water is turned off. Enter with your realtor only and the listing agent would like to be present to provide access. All measurements and land size are estimated and may not be accurate. This home has been vacant for several years. Potential for a reno and flip. Being sold as is where is (id:56688)
Property Details
MLS: 1285214
Listing ID: 28334553
Address: 135 Empire Avenue, St. John's, Newfoundland & Labrador, Canada A1C3G1
Status: Active
Last updated: 24 days ago ( May 20, 2025 )
Year Built: 1950
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Carpeted
Living Area Total: 1,600 square feet
Price per sq ft: $81
Tax Annual Amount: $1,900
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Carpeted
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 10
Rurl
Coordinates: [47.570973, -52.719074]
Listing ID: 28334553
Address: 135 Empire Avenue, St. John's, Newfoundland & Labrador, Canada A1C3G1
Status: Active
Last updated: 24 days ago ( May 20, 2025 )
Year Built: 1950
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Carpeted
Living Area Total: 1,600 square feet
Price per sq ft: $81
Tax Annual Amount: $1,900
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Carpeted
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 10
Rurl
Coordinates: [47.570973, -52.719074]
Rooms
| Main level | Kitchen Living room | 10 x 11 null 20 x 10 null |
Basic Calculator
First Mortgage: $103,200
Mortgage insurance premium: $0
Total Financing: $103,200
Rough closing fee (1.5%): ~ $1,935
Total downpayment with estimated closing fee: $27,735
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,761 | $21,132 |
| Gross rental income (income/principal ratio) | 1.365% | 16.381% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $162 | $1,944 |
| Vacancy | $89 | $1,057 |
| Management Fee | $141 | $1,691 |
| Expense / Income Ratio | 9.20% | 9.20% |
| Cash Flow | $1,371 | $16,452 |
| Net Operating Income (NOI) | $1,371 | $16,452 |
| Capitalization Rate | 1.06% | 12.75% |
Capitalization Rate: 12.75%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $184,286
