56 Cashin Avenue
St. John's, NL, A1E3B3
0 Bed |
$624,900
About the property (MLS: 1292077):
INVESTMENT OPPORTUNITY! This well maintained, 5 unit apartment building, consisting of Two 2-Bedroom units, and 3 Bachelor units, is centrally located in close proximity to MUN, the Avalon Mall, and on all major bus routes. Each of the five units are spacious, bright & comfortable, with most units receiving a modern facelift within the past few years. The two-bedroom units are situated through the front ground-level entry door, and both feature laundry facilities in-unit, great sized kitchen & living rooms, full bathrooms and two spacious bedrooms each. The remaining units are bachelor-style suites, all featuring full-size kitchens, full bathrooms & functional living spaces. The building has received upgrades such as some plumbing, electrical, flooring, paint & interior finishes in the last few years. An abundance of off-street parking is on site, conveniently on the front and the side of the building. Currently, 5 of the units are rented (POU) to great long-term tenants who wish to remain. This is an incredible investment opportunity in an amazing, centralized location in the city! (id:56688)
Property Details
Listing ID: 29039845
Address: 56 Cashin Avenue, St. John's, Newfoundland & Labrador, Canada A1E3B3
Status: Active
Last updated: 16 days ago ( Oct 28, 2025 )
Year Built: 1979
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted
Living Area Total: 3,260 square feet
Price per sq ft: $192
Tax Annual Amount: $2,665
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 34
Rurl
Coordinates: [47.558479, -52.734433]
Rooms
Basic Calculator
First Mortgage: $499,920
Mortgage insurance premium: $0
Total Financing: $499,920
Rough closing fee (1.5%): ~ $9,374
Total downpayment with estimated closing fee: $134,354
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,587 | $43,044 |
| Gross rental income (income/principal ratio) | 0.574% | 6.888% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $782 | $9,384 |
| Vacancy | $180 | $2,153 |
| Management Fee | $287 | $3,444 |
| Expense / Income Ratio | 21.80% | 21.80% |
| Cash Flow | $2,339 | $28,068 |
| Net Operating Income (NOI) | $2,339 | $28,068 |
| Capitalization Rate | 0.37% | 4.49% |
