32 Anchorage Road
Conception Bay South, NL, A1W4V8
2 Beds | 1 Bath
$120,000
About the property (MLS: 1286001):
Located in the heart of CBS, this 2-bedroom, 1-bathroom home is close to all amenities and just waiting for the right buyer. Whether you're a first-time buyer looking to break into the market or a contractor searching for your next project, this property offers great potential. Major TLC is needed, but with the right vision, this could be a smart investment in a great location. Don’t miss out! (id:56688)
Property Details
MLS: 1286001
Listing ID: 28415768
Address: 32 Anchorage Road, Conception Bay South, Newfoundland & Labrador, Canada A1W4V8
Status: Active
Last updated: 8 days ago ( Jun 4, 2025 )
Year Built: 1965
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: No heat
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,100 square feet
Price per sq ft: $110
Tax Annual Amount: $1,000
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: No heat
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.512118, -52.96435]
Listing ID: 28415768
Address: 32 Anchorage Road, Conception Bay South, Newfoundland & Labrador, Canada A1W4V8
Status: Active
Last updated: 8 days ago ( Jun 4, 2025 )
Year Built: 1965
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 1
1/2 Baths: 0
Heating: No heat
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,100 square feet
Price per sq ft: $110
Tax Annual Amount: $1,000
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: No heat
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.512118, -52.96435]
Rooms
| Basement | Office Not known | 11x8.7 null 10x17 null |
| Main level | Bedroom Bedroom Living room | 10x12 null 12x9 null 10x17.5 null |
Basic Calculator
First Mortgage: $96,000
Mortgage insurance premium: $0
Total Financing: $96,000
Rough closing fee (1.5%): ~ $1,800
Total downpayment with estimated closing fee: $25,800
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,210 | $14,520 |
| Gross rental income (income/principal ratio) | 1.008% | 12.100% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $150 | $1,800 |
| Vacancy | $61 | $726 |
| Management Fee | $97 | $1,162 |
| Expense / Income Ratio | 12.40% | 12.40% |
| Cash Flow | $903 | $10,836 |
| Net Operating Income (NOI) | $903 | $10,836 |
| Capitalization Rate | 0.75% | 9.03% |
Capitalization Rate: 9.03%
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).): $171,429
