8 Station Road photo 11 / 34

MLS #1292143

8 Station Road

Grand Falls-Windsor

$559,000

10,000 sqft
Other
Source Listing

Property Details

Welcome to 8 Station Road, a fantastic investment opportunity featuring 8 rental units. This property offers diverse mix of unit types, catering to a range of tenants while providing a stable source of rental income. One two-bedroom unit perfect for small families or couples, this spacious unit also features a spacious living room, kitchen and 2 full baths. Six one-bedroom units ideal for singles, students, professionals. With a spacious living area, kitchen with ample cabinets for storage and bath. One unit is wheel chair accessible. One bachelor unit with murphy bed, a compact and efficient unit, perfect for a single person or student featuring a combined living/sleeping area, kitchen and bath. All units have separate entrances, washer and dryer. Siding, windows, electrical, and plumbing completed in 2016/2017. Units heated by electric heat. Many opportunities with this property, live in one and collect income for investment purposes. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$559,000
Down Payment - 6%$33,540
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$4,045

Mortgage Payment
$3,149
Property Tax
$396
Insurance
$150
Utilities
$350
Down Payment
$33,540
Loan Amount
$525,460
Total Interest
$419,182

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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