$398,900
68 Pearce Avenue
Beds
0
Baths
—
Sqft
—
Year
1975
About this home
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:65958)
- Subtype
- Other
- Architectural style
- 2 Level
- MLS#
- 1295354
- Area
- ST_JOHNS
Cash on cash
-12.32%
Cap rate
3.43%
GRM
16.6
Break-even rent
$2,862
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.