496 Logy Bay Road
St. John's, NL, A1A5V6
$344,900
About the property (MLS: 1267362):
Great opportunity to own a highly visible commercial property right on Logy Bay Rd and just as you get off the Outer Ring Rd! There is currently a tenant renting the home there at 1500.00 POU and the have a dog grooming business operating on the property as well. They would love to stay but are well aware that they may have to move and notice has been given to them commencing February 1. 2024. With easy access in and out of property, tons of parking and high visibility this could be the perfect location for your business! The possibilities are endless so have a gander and check it out! (id:56688)
Property Details
Listing ID: 26460734
Address: 496 Logy Bay Road, St. John's, Newfoundland & Labrador, Canada A1A5V6
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Electric
Flooring: Mixed Flooring
Living Area Total: 1,040 square feet
Price per sq ft: $332
Tax Annual Amount: $1,823
Tax Year: 2023
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Residential
Number of photos available: 17
Rurl
Coordinates: [47.610848, -52.687927]
Rooms
Basic Calculator
First Mortgage: $275,920
Mortgage insurance premium: $0
Total Financing: $275,920
Rough closing fee (1.5%): ~ $5,174
Total downpayment with estimated closing fee: $74,154
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,144 | $13,728 |
| Gross rental income (income/principal ratio) | 0.332% | 3.980% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $432 | $5,184 |
| Vacancy | $58 | $687 |
| Management Fee | $92 | $1,099 |
| Expense / Income Ratio | 37.76% | 37.76% |
| Cash Flow | $564 | $6,768 |
| Net Operating Income (NOI) | $564 | $6,768 |
| Capitalization Rate | 0.16% | 1.96% |
