For sale · MLS® 1304956
4 Flannery Street
Paradise, NL, A1L0X2
List price
$439,900
About this propertyMLS® 1304956
Located in a sought-after neighbourhood in the town of Paradise, this two-apartment home offers an excellent opportunity for homeowners and investors alike. Approximately 14 years old, the main unit features an open-concept layout with three bedrooms, a full main bathroom, with a primary bedroom complete with a private ensuite. The lower level boasts a beautiful, modern two-bedroom apartment, offering excellent potential for rental income or extended family living. Outside, the fenced backyard provides plenty of space for outdoor enjoyment. Conveniently located close to schools, daycares, shopping, walking trails, playgrounds, and other everyday amenities, this property combines comfortable living, a desirable location, and income potential. As per sellers direction there will be no conveyance of any offers before 10:00am November 3rd, 2026 with all offers being left open until 3:00pm same day. (id:56688)
Property details
Coordinates: [47.539506, -52.901447]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known | B3 null 10 x 8 null 10 x 11 null 12.5 x 12.5 null 10 x 9 null |
| Main level | Ensuite Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Living room Kitchen | B3 null B4 null 9 x 9 null 9 x 9.3 null 12 x 12.5 null 11 x 17.5 null 18 x 11 null |
Basic Calculator
First Mortgage: $351,920
Mortgage insurance premium: $0
Total Financing: $351,920
Rough closing fee (1.5%): ~ $6,599
Total downpayment with estimated closing fee: $94,579
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,473 | $29,676 |
| Gross rental income (income/principal ratio) | 0.562% | 6.746% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $550 | $6,600 |
| Vacancy | $124 | $1,484 |
| Management Fee | $198 | $2,375 |
| Expense / Income Ratio | 22.24% | 22.24% |
| Cash Flow | $1,602 | $19,224 |
| Net Operating Income (NOI) | $1,602 | $19,224 |
| Capitalization Rate | 0.36% | 4.37% |
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