286 Torbay Road Unit#8
St. John's, NL, A1A4L6
$100,000
About the property (MLS: 1259825):
BUSINESS ONLY FOR SALE: 20-year tailor shop in the Eastern District. It is a reputable tailor shop that continues to make profits. Great location in the East, has a solid customer base, affordable rent, equipment included. Training to be provided if necessary. Those who likes this industry can also combine traditional tailoring with modern related customization to create a sustainable and tenacious vitality industry. (id:56688)
Property Details
MLS: 1259825
Listing ID: 25740420
Address: 286 Torbay Road Unit#8, St. John's, Newfoundland & Labrador, Canada A1A4L6
Status: Active
Last updated: 5 months ago ( May 15, 2024 )
Property Type: Retail
Structure Type: Other
Ownership Type: Leasehold
Heating: Electric
Price per sq ft: $∞
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Leasehold
Business Type: Other, Retail and Wholesale
Building Features: Recreation Centre
Number of photos available: 1
Rurl
Coordinates: [47.600488, -52.711596]
Listing ID: 25740420
Address: 286 Torbay Road Unit#8, St. John's, Newfoundland & Labrador, Canada A1A4L6
Status: Active
Last updated: 5 months ago ( May 15, 2024 )
Property Type: Retail
Structure Type: Other
Ownership Type: Leasehold
Heating: Electric
Price per sq ft: $∞
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Leasehold
Business Type: Other, Retail and Wholesale
Building Features: Recreation Centre
Number of photos available: 1
Rurl
Coordinates: [47.600488, -52.711596]
Rooms
Basic Calculator
First Mortgage: $80,000
Mortgage insurance premium: $0
Total Financing: $80,000
Rough closing fee (1.5%): ~ $1,500
Total downpayment with estimated closing fee: $21,500
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $125 | $1,500 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-125 | $-1,500 |
| Net Operating Income (NOI) | $-125 | $-1,500 |
| 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).): $142,858
