For sale · MLS® 1302749
309 Freshwater Road
St. John's, NL, A1B1B4
List price
$289,900
About this propertyMLS® 1302749
Fantastic opportunity in a prime central location! This registered two apartment offers three bedrooms and a full bath in each unit, along with the convenience of separate washer and dryer facilities. Both units are currently tenant occupied, making this an attractive option for an investor. Conveniently located on Freshwater Road, close to Memorial University, shopping, amenities, transit and just about everything St. John's has to offer. The property also offers generous outdoor space in the back and three parking spots in the front. adding even more potential to this centrally located property. A great opportunity in a highly convenient location! (id:56688)
Property details
Coordinates: [47.562948, -52.741058]
Rooms
| Basement | Not known Not known Not known Kitchen Bath (# pieces 1-6) Not known | 9.9 x 8.7 null 9.9 x 8.6 null 11.6 x 21.6 null 10.10 x 8. 8 null 10.10 x 8.8 null 12.11 x 8.3 null |
| Main level | Porch Living room Bedroom Other Bath (# pieces 1-6) Dining room Kitchen Bedroom Primary Bedroom | 4.7 x 3.8 null 15.7 x 12.4 null 11.1 x 9.10 null 10.7 x 8.4 null 7.0 x 5.3 null 8.8 x 10.0 null 10.9 x 10.0 null 10.4 x 10.7 null 14.3 x 11.9 null |
Basic Calculator
First Mortgage: $231,920
Mortgage insurance premium: $0
Total Financing: $231,920
Rough closing fee (1.5%): ~ $4,349
Total downpayment with estimated closing fee: $62,329
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,856 | $22,272 |
| Gross rental income (income/principal ratio) | 0.640% | 7.683% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $363 | $4,356 |
| Vacancy | $93 | $1,114 |
| Management Fee | $149 | $1,782 |
| Expense / Income Ratio | 19.56% | 19.56% |
| Cash Flow | $1,252 | $15,024 |
| Net Operating Income (NOI) | $1,252 | $15,024 |
| Capitalization Rate | 0.43% | 5.18% |
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