For sale · MLS® 1301698
12 Blatch Avenue
St. John's, NL, A1C4P5
List price
$399,900
About this propertyMLS® 1301698
Welcome to 12 Blatch Ave. Discover this exceptional registered 2-unit income property, Plus in-law unit. In the heart of St. John's. Ideally located within walking distance of memorial University, this fully occupied property is an outstanding investment opportunity, attracting students and professionals. This building features 1- 3bedroom, 1- 2bedroom, 1- 1bedroom with a total monthly income 4150.00 . This property offers immediately cash flow and long-term investment opportunity. Over the past years, there has been numerous upgrades including torch-on roof, vinyl siding, vinyl windows, New kitchen featuring modern cabinetry, counter tops, sink, microwave, dishwasher, several new appliances including a stove and over the range microwave, and new flooring on the upstairs staircase. PLUS, over 20,000 invested in a complete panel upgrade. All units are currently occupied. A reasonable notice required. Call and arrange your showing appointment today! (id:56688)
Property details
Coordinates: [47.564129, -52.720567]
Rooms
| Lower level | Bedroom Living room Kitchen | 10x15 null 10x12 null 10x10 null |
| Basement | Eat in kitchen Bedroom Bedroom Living room | 10x11 null 10x9 null 10x20 null 10x9 null |
| Main level | Bedroom Bedroom Bedroom Kitchen | 11x10 null 13x 13 null 11x10 null 11x10 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,971 | $35,652 |
| Gross rental income (income/principal ratio) | 0.743% | 8.915% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $149 | $1,783 |
| Management Fee | $238 | $2,853 |
| Expense / Income Ratio | 16.83% | 16.83% |
| Cash Flow | $2,085 | $25,020 |
| Net Operating Income (NOI) | $2,085 | $25,020 |
| Capitalization Rate | 0.52% | 6.26% |
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.