$624,900
56 Cashin Avenue
Beds
0
Baths
—
Sqft
—
Year
1979
About this home
INVESTMENT OPPORTUNITY! This well maintained, 5 unit apartment building, consisting of Two 2-Bedroom units, and 3 Bachelor units, is centrally located in close proximity to MUN, the Avalon Mall, and on all major bus routes. Each of the five units are spacious, bright & comfortable, with most units receiving a modern facelift within the past few years. The two-bedroom units are situated through the front ground-level entry door, and both feature laundry facilities in-unit, great sized kitchen & living rooms, full bathrooms and two spacious bedrooms each. The remaining units are bachelor-style suites, all featuring full-size kitchens, full bathrooms & functional living spaces. The building has received upgrades such as some plumbing, electrical, flooring, paint & interior finishes in the last few years. An abundance of off-street parking is on site, conveniently on the front and the side of the building. Currently, 5 of the units are rented (POU) to great long-term tenants who wish to remain. This is an incredible investment opportunity in an amazing, centralized location in the city! (id:65958)
- Subtype
- Other
- MLS#
- 1295855
- Area
- ST._JOHN'S
Cash on cash
-11.96%
Cap rate
3.50%
GRM
16.7
Break-even rent
$4,436
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 13, 2026.