3 Blackmarsh Road photo 11 / 2

MLS #1298882

3 Blackmarsh Road

St. John's

$649,500

3 Beds
1 Bath
3,400 sqft
Multi-family
Source Listing

Property Details

Prime mixed-use property offering immediate cash flow and future upside. the upper level features a spacious 3 bedroom apartment, while approximately 2,000 sq ft of additional upper-level space presents an excellent opportunity for further development, expansion, or the creation of additional rental units (subject to city approval) The main floor is currently leased to a commercial tenant with 3 years remaining on the lease, providing stable and predictable income from day one. Ideal for investors, developers, or business owners seeking a high-visibility property with multiple revenue streams and significant value-add potential. A rare opportunity to acquire a property that combines secure commercial tenancy with residential development possibilities. (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$649,500
Down Payment - 7%$45,465
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$4,580

Mortgage Payment
$3,620
Property Tax
$460
Insurance
$150
Utilities
$350
Down Payment
$45,465
Loan Amount
$604,035
Total Interest
$481,865

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

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