For sale · MLS® 1298211
57 Blackler Avenue
St. John's, NL, A1E3E9
List price
$280,000
About this propertyMLS® 1298211
This Residential/Commercial property has a two bedroom self contained apartment. Top floor is currently vacant and commercial area rented for $1,300/mth plus POU. Both tenants are willing to stay if new owners would allow. This property could be used for any sort of retail business and has 6-8 parking spaces. The property is ideal for a first time home buyer with a commercial business to rent on lower level to help with income or a rental property for both units. Roof replaced in 2023. The commercial status of the downstairs can also be removed and changed to residential and potentially an apartment with city approval. (id:56688)
Property details
Coordinates: [47.548765, -52.74312]
Rooms
| Basement | Other Other Storage | 4.6x29 null 28x29 null 9.6x11 null |
| Second level | Primary Bedroom Bedroom Eating area Living room Kitchen | 11x17 null 10.6x10.6 null 9x10.6 null 10.6x16 null 9x10.6 null |
Basic Calculator
First Mortgage: $224,000
Mortgage insurance premium: $0
Total Financing: $224,000
Rough closing fee (1.5%): ~ $4,200
Total downpayment with estimated closing fee: $60,200
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,341 | $28,092 |
| Gross rental income (income/principal ratio) | 0.836% | 10.033% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $350 | $4,200 |
| Vacancy | $118 | $1,405 |
| Management Fee | $188 | $2,248 |
| Expense / Income Ratio | 14.95% | 14.95% |
| Cash Flow | $1,687 | $20,244 |
| Net Operating Income (NOI) | $1,687 | $20,244 |
| Capitalization Rate | 0.60% | 7.23% |
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