For sale · MLS® 1302484
1 Howlett's Avenue
Torbay, NL, A1B3K3
List price
$429,900
About this propertyMLS® 1302484
Welcome to the opportunity to own a two Apartment House/Business in the beautiful Town of Torbay! Set in a peaceful natural setting, this residence features beautiful ocean views and a spacious 3,904 sq ft. home with a large dentist clinic that operated here for over 40 years. It offers a large parking area that can accommodate various businesses and the residence. This home is angled to maximize the scenic Torbay ocean and area providing a relaxing backdrop that enhances everyday living and captures the essence of coastal Newfoundland surroundings. Located along an established roadway within a residential area, the property balances convenience and seclusion, with nearby services and amenities. This home features two and a half bathrooms and three large bedrooms; the apartment has one bathroom and one bedroom. Please view the drone pictures, inside pictures, and Matterport; you won't be disappointed. Don't wait; arrange your viewing today. (id:56688)
Property details
Coordinates: [47.678223, -52.727682]
Rooms
| Lower level | Bath (# pieces 1-6) Laundry room Office Recreation room Storage Other Family room | 4.10 x 5.10 null 5.5 x 8.10 null 9.3 x 12.9 null 21.3 x 17.9 null 11.8 x 14.5 null 9 x 11 null 21.3 x 13.3 null |
| Other | Bath (# pieces 1-6) Not known Not known | 9.7 x 7.1 null 11.10 x 17.10 null 12.10 x 10.2 null |
| Main level | Bath (# pieces 1-6) Ensuite Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room | 8.1 x 8.9 null 6.11 x 4.7 null 12.9 x 9.8 null 13.2 x 13.5 null 13.2 x 18.5 null 10.7 x 12.10 null 10.9 x 12.10 null 21.8 x 16.2 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 | $4,295 | $51,540 |
| Gross rental income (income/principal ratio) | 0.999% | 11.989% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $538 | $6,456 |
| Vacancy | $215 | $2,577 |
| Management Fee | $344 | $4,124 |
| Expense / Income Ratio | 12.53% | 12.53% |
| Cash Flow | $3,199 | $38,388 |
| Net Operating Income (NOI) | $3,199 | $38,388 |
| Capitalization Rate | 0.74% | 8.93% |
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