68 Pearce Avenue photo 11 / 16

MLS #1295354

68 Pearce Avenue

St Johns

$398,900

Other
Source Listing

Property Details

Great investment property in the center of the city , high traffic area across from MUNDY POND walking trails and ROPEWALK LANE . Two, two bedroom units , and a one bedroom top floor apt , 4 units total . Main floor unit currently a used furniture store , however this unit has a kitchen and half bath and can be easily converted to a residential unit . Improvements were made on the property over the years by the current owner , all electric heat and tenants pay there own utilities . large parking lot , monthly income $3250 , long term tenants and current owners never increased the rent . 24 hour notice for all viewings , wont last long in this location . (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$398,900
Down Payment - 5%$19,945
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$3,054

Mortgage Payment
$2,271
Property Tax
$283
Insurance
$150
Utilities
$350
Down Payment
$19,945
Loan Amount
$378,955
Total Interest
$302,309

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

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