28 Water Street
St. John's, NL, A1C1A1
$279,900
About the property (MLS: 1253752):
5500 sq ft parcel of land located on eastern section of Water Street measuring 53ft x 103ft x 57ft x 104ft. Land is zoned Industrial General (IG). Opportunity may exist to amalgamate with 26 Water Street. (id:56688)
Property Details
MLS: 1253752
Listing ID: 25144904
Address: 28 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1A1
Status: Active
Last updated: 7 months ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Price per sq ft: $∞
Tax Annual Amount: $11,836
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.57013, -52.6998]
Listing ID: 25144904
Address: 28 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1A1
Status: Active
Last updated: 7 months ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Price per sq ft: $∞
Tax Annual Amount: $11,836
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.57013, -52.6998]
Rooms
Basic Calculator
First Mortgage: $223,920
Mortgage insurance premium: $0
Total Financing: $223,920
Rough closing fee (1.5%): ~ $4,199
Total downpayment with estimated closing fee: $60,179
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $350 | $4,200 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-350 | $-4,200 |
| Net Operating Income (NOI) | $-350 | $-4,200 |
| 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).): $399,858
