For sale · MLS® 1302245
103 Merrymeeting Road
St. John's, NL, A1C2W2
List price
$429,900
About this propertyMLS® 1302245
Shows like a Side-by-Side Duplex. Forget the typical basement apartment—103 Merrymeeting Road boasts a highly sought-after side-by-side layout, offering ultimate privacy and income potential. Extensively renovated in 2015, this 2,400+ sq. ft. property is rock-solid and centrally located within walking distance to MUN, Downtown, Recreation, Supermarkets and Schools The main residence is a sprawling two-storey home featuring a large, bright main-floor living and dining space, kitchen, and half bath. Upstairs, you’ll find three generous bedrooms, including a primary suite complete with a walk-in closet and ensuite. The attached apartment is a unique, self-contained two-storey, 1-bedroom unit—a layout that commands premium rent. Both units are on separate meters (POU). Complete with off-street parking for main unit, a large backyard, and a patio deck, this is the ultimate turnkey opportunity for a savvy investor looking for instant value-add, or a smart homeowner wanting a premium mortgage helper without the noise of upstairs or downstairs tenants. - If you are looking looking to offset your mortgage with a property that shows like two side by side homes, you need to view this property! (id:56688)
Property details
Coordinates: [47.564866, -52.720783]
Rooms
| Second level | Bath (# pieces 1-6) Not known Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom | 4 PCS null 11.4 x 13.3 null 4 PCS null 12.4 x 8.11 null 13 x 11.5 null 3 PCS null 14.7 x 10.7 null |
| Main level | Not known Not known Bath (# pieces 1-6) Dining room Kitchen Living room | 11.7 x 10 null 11.9 x 9.11 null 2 PCS null 13.3 x 14 null 13 x 11.5 null 13.11 x 12.11 null |
Basic Calculator
First Mortgage: $343,920
Mortgage insurance premium: $0
Total Financing: $343,920
Rough closing fee (1.5%): ~ $6,449
Total downpayment with estimated closing fee: $92,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,477 | $41,724 |
| Gross rental income (income/principal ratio) | 0.809% | 9.706% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $538 | $6,456 |
| Vacancy | $174 | $2,087 |
| Management Fee | $279 | $3,338 |
| Expense / Income Ratio | 15.47% | 15.47% |
| Cash Flow | $2,487 | $29,844 |
| Net Operating Income (NOI) | $2,487 | $29,844 |
| Capitalization Rate | 0.58% | 6.94% |
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