986 Conception Bay Highway
Conception Bay South, NL, A1X7S4
$249,900
About the property (MLS: 1268348):
NEED HELP WITH THE FINANCING (client may help). Spacious lot with a large open building that offers versatile opportunities for various uses. "as is where is". Convenient parking available both in front and behind the building. The exterior is finished with durable vinyl siding. Inside, there are six bathrooms, and the upstairs features several rooms along with a full washroom. Additionally, there is a separate room that has its own entrance and washroom with a shower. The commercial property is situated in a prime location with stunning views of the ocean.as is where is (id:56688)
Property Details
Listing ID: 26578162
Address: 986 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1X7S4
Status: Active
Last updated: 15 hours ago ( Oct 29, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
View: Ocean view
Heating: Oil
Flooring: Mixed Flooring
Living Area Total: 2,806 square feet
Price per sq ft: $90
Tax Annual Amount: $1,300
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Oil
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Arts and Entertainment
Building Features: Laundry Facility
Number of photos available: 19
Rurl
Coordinates: [47.491493, -53.031395]
Rooms
Basic Calculator
First Mortgage: $199,920
Mortgage insurance premium: $0
Total Financing: $199,920
Rough closing fee (1.5%): ~ $3,749
Total downpayment with estimated closing fee: $53,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,087 | $37,044 |
| Gross rental income (income/principal ratio) | 1.235% | 14.824% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $313 | $3,756 |
| Vacancy | $155 | $1,853 |
| Management Fee | $247 | $2,964 |
| Expense / Income Ratio | 10.14% | 10.14% |
| Cash Flow | $2,373 | $28,476 |
| Net Operating Income (NOI) | $2,373 | $28,476 |
| Capitalization Rate | 0.95% | 11.39% |
