107 Lemarchant Road
St. John's, NL, A1C2H1
$500,000
About the property (MLS: 1267849):
Great Opportunity to Own your space. Centrally Located with easy access to the downtown core and the rest of the city. Complete with Off street parking for 6-8 cars, this is the ideal space for Lawyers, Architects, Engineers, Mortgage Brokers, The options are endless. The Main floor with large reception waiting area and 2 Offices. Cape Cod siding keeps with the traditional look with the extra benefit of blown in foam insulation, at the time of install. (id:56688)
Property Details
MLS: 1267849
Listing ID: 26509063
Address: 107 Lemarchant Road, St. John's, Newfoundland & Labrador, Canada A1C2H1
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 1921
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Ceramic Tile
Lot Size Area: 8675
Living Area Total: 4,158 square feet
Price per sq ft: $121
Tax Annual Amount: $11,233
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Ceramic Tile
Common Interest: Freehold
Business Type: Other, Service
Number of photos available: 25
Rurl
Coordinates: [47.560256, -52.718315]
Listing ID: 26509063
Address: 107 Lemarchant Road, St. John's, Newfoundland & Labrador, Canada A1C2H1
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 1921
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Ceramic Tile
Lot Size Area: 8675
Living Area Total: 4,158 square feet
Price per sq ft: $121
Tax Annual Amount: $11,233
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Ceramic Tile
Common Interest: Freehold
Business Type: Other, Service
Number of photos available: 25
Rurl
Coordinates: [47.560256, -52.718315]
Rooms
Basic Calculator
First Mortgage: $400,000
Mortgage insurance premium: $0
Total Financing: $400,000
Rough closing fee (1.5%): ~ $7,500
Total downpayment with estimated closing fee: $107,500
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,574 | $54,888 |
| Gross rental income (income/principal ratio) | 0.915% | 10.978% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $625 | $7,500 |
| Vacancy | $229 | $2,745 |
| Management Fee | $366 | $4,392 |
| Expense / Income Ratio | 13.66% | 13.66% |
| Cash Flow | $3,355 | $40,260 |
| Net Operating Income (NOI) | $3,355 | $40,260 |
| Capitalization Rate | 0.67% | 8.05% |
Capitalization Rate: 8.05%
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).): $714,286
