1316 14TH ST

Property Description

House for sale in Saskatoon located in 1316 14TH ST , Saskatchewan, S7H0A7, Canada. This House have 5 bedrooms and 2 bathrooms. This property listing building style is Bungalow. For all the rest of the information we have about this property in Saskatoon , see above.

3 bedroom main floor and 2 bedroom legal suite. Ideal for a holding property and future development with close proximity to the uofs. The property generates $3000 per month gross income. Landlord pays the utilities and on average they are $325/mt on average proforma estimate: $3000 gross rent less taxes @ $344 per month, insurance @ $140 per month, utilities $325 per month. With 20% down payment, mortgage payment is approx (will vary based on purchase price) per month would be $1600. Total monthly cost $2409 monthly income $3000 - $2409 = $591 per month net revenue. Main floor is a lease until august 2020, basement and garage are month to month. All tenants would like to remain. The property has been well maintained as well. Newer high efficient furnace, newer hot water tank. Main floor kitchen has been updated, both bathrooms have been freshly updated as well. 3 very good size bedrooms upstairs along with 2 very good size bedrooms downstairs. A large common laundry area for both sets of tenants to use. The property is zoned r2 would allow 2 units to be constructed and with the depth of 140 feet along with no trees to remove, it makes this property for ideal for future redevelopment and it will cash flow well in the meantime.