2 Angel Place
St. John's, NL, A1E1M6
4 Beds | 1 Bath
$65,000
About the property (MLS: 1285379):
Semi-Detached Structure on a lot with off street parking on a quiet downtown side street. Home does not have concrete foundation and has been vacant and without power for an extended period and appears to be beyond repair. Assumption should be that value is in the land itself which would make a nice building lot. Property is selling AS IS, and Purchasers/Agents would be entering the structure at their own risk, as Vendor and Listing Agent make no representations on structural integrity or air quality. (id:56688)
Property Details
MLS: 1285379
Listing ID: 28357597
Address: 2 Angel Place, St. John's, Newfoundland & Labrador, Canada A1E1M6
Status: Active
Last updated: a month ago ( May 23, 2025 )
Year Built: 1950
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Beds: 4
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, No heat, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,200 square feet
Price per sq ft: $55
Tax Annual Amount: $1,327
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Wood
Heating: Baseboard heaters, No heat, Electric
Flooring: Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 5
Rurl
Coordinates: [47.552176, -52.717547]
Listing ID: 28357597
Address: 2 Angel Place, St. John's, Newfoundland & Labrador, Canada A1E1M6
Status: Active
Last updated: a month ago ( May 23, 2025 )
Year Built: 1950
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Beds: 4
Baths: 1
1/2 Baths: 0
Heating: Baseboard heaters, No heat, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,200 square feet
Price per sq ft: $55
Tax Annual Amount: $1,327
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Foundation Details: Wood
Heating: Baseboard heaters, No heat, Electric
Flooring: Mixed Flooring
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 5
Rurl
Coordinates: [47.552176, -52.717547]
Rooms
| Main level | Other | 10x15 null |
Basic Calculator
First Mortgage: $52,000
Mortgage insurance premium: $0
Total Financing: $52,000
Rough closing fee (1.5%): ~ $975
Total downpayment with estimated closing fee: $13,975
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,320 | $15,840 |
| Gross rental income (income/principal ratio) | 2.031% | 24.369% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $82 | $984 |
| Vacancy | $66 | $792 |
| Management Fee | $106 | $1,268 |
| Expense / Income Ratio | 6.21% | 6.21% |
| Cash Flow | $1,067 | $12,804 |
| Net Operating Income (NOI) | $1,067 | $12,804 |
| Capitalization Rate | 1.64% | 19.70% |
Capitalization Rate: 19.70%
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).): $92,858
