122 Frecker Drive
St. John's, NL, A1E4W8
4 Beds | 3 Baths
$359,900
About the property (MLS: 1285905):
Here it is! The investment property you've been waiting for. This 2 apartment in Cowan Heights is vacant and ready for immediate possession whether it be new tenants, or owner occupy with supplemental rental income. The main unit has a kitchen, dining room, living room, 3 bedrooms, downstairs rec room, laundry, and one and a half baths. The lower unit also has its own laundry, kitchen, living room, and one bedroom. Many recent updates include two hot water heaters in November of 2021, new roof shingles in 2024, R50 attic insulation just completed, renovated basement bathroom just completed, as well as other minor updates throughout. Home has vinyl windows and siding for a low maintenance exterior and comes with 9 appliances. NOTE: This listing is subject to a Sellers Direction Re: Offers with no offers being conveyed until Monday, June 9th, 2025 at 12:00 pm noon. Please leave all offers open for acceptance until 5:00 pm Monday, June 9th, 2025. (id:56688)
Property Details
Listing ID: 28427065
Address: 122 Frecker Drive, St. John's, Newfoundland & Labrador, Canada A1E4W8
Status: Active
Last updated: 7 days ago ( Jun 6, 2025 )
Year Built: 1986
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Other
Living Area Total: 2,128 square feet
Price per sq ft: $170
Tax Annual Amount: $2,290
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 34
Rurl
Coordinates: [47.533251, -52.765938]
Rooms
| Lower level | Bath (# pieces 1-6) Not known Not known Not known Bath (# pieces 1-6) Utility room Recreation room | 4 piece null 11.4 x 9.9 null 15.0 x 11.6 null 11.0 x 9.3 null 2 piece null 11.3 x 4.7 null 15.7 x 14.11 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Living room Dining room Kitchen | 4 piece null 12.0 x 9.11 null 12.1 x 12.0 null 13.5 x 9.9 null 17.4 x 11.1 null 12.1 x 9.1 null 12.1 x 11.8 null |
Basic Calculator
First Mortgage: $287,920
Mortgage insurance premium: $0
Total Financing: $287,920
Rough closing fee (1.5%): ~ $5,399
Total downpayment with estimated closing fee: $77,379
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,341 | $28,092 |
| Gross rental income (income/principal ratio) | 0.650% | 7.806% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $450 | $5,400 |
| Vacancy | $118 | $1,405 |
| Management Fee | $188 | $2,248 |
| Expense / Income Ratio | 19.22% | 19.22% |
| Cash Flow | $1,587 | $19,044 |
| Net Operating Income (NOI) | $1,587 | $19,044 |
| Capitalization Rate | 0.44% | 5.29% |
