599-601 Topsail Road
St. John's, NL, A1E3T7
$189,000
About the property (MLS: 1242982):
Prime development corner. Civic numbers 599 and 601 being sold together. Zoning is R2. Number Brookfield road could be available for the right development and would be sold separately. Civic #601 has a two apartment house. Property is vacant. Value is in the land. (id:56688)
Property Details
MLS: 1242982
Listing ID: 24261767
Address: 599-601 Topsail Road, St. John's, Newfoundland & Labrador, Canada A1E3T7
Status: Active
Last updated: 7 months ago ( May 15, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Electric
Price per sq ft: $∞
Tax Annual Amount: $2,326
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Other
Number of photos available: 2
Rurl
Coordinates: [47.527411, -52.762411]
Listing ID: 24261767
Address: 599-601 Topsail Road, St. John's, Newfoundland & Labrador, Canada A1E3T7
Status: Active
Last updated: 7 months ago ( May 15, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Electric
Price per sq ft: $∞
Tax Annual Amount: $2,326
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Other
Number of photos available: 2
Rurl
Coordinates: [47.527411, -52.762411]
Rooms
Basic Calculator
First Mortgage: $151,200
Mortgage insurance premium: $0
Total Financing: $151,200
Rough closing fee (1.5%): ~ $2,835
Total downpayment with estimated closing fee: $40,635
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $237 | $2,844 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-237 | $-2,844 |
| Net Operating Income (NOI) | $-237 | $-2,844 |
| Capitalization Rate | -0.13% | -1.50% |
Capitalization Rate: -1.50%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $270,000
