16-18 Commonwealth Avenue
Mount Pearl, NL, A1N1W5
$1,299,900
About the property (MLS: 1268623):
Welcome to 16-18 Commonwealth Ave Mount Pearl . The value this location holds for your business is huge…exposure is high, location is second to none! For Lease Or Sale, here we have 8600 sq. ft of prime space right in the heart of Mount Pearls bustling commercial district. The business potential of this building is endless! Retail space? Warehouse space? Automotive? You decide! This building has a loading door, is heated by propane and has lots of parking for your many customers! (id:56688)
Property Details
MLS: 1268623
Listing ID: 26615236
Address: 16-18 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1W5
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 2000
Property Type: Retail
Structure Type: Other
Ownership Type: Freehold
Heating: Propane
Flooring: Concrete Slab
Living Area Total: 8,600 square feet
Price per sq ft: $152
Tax Annual Amount: $13,061
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Propane
Flooring: Concrete Slab
Common Interest: Freehold
Business Type: Industrial, Retail and Wholesale, Service
Number of photos available: 13
Rurl
Coordinates: [47.521126, -52.807575]
Listing ID: 26615236
Address: 16-18 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1W5
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 2000
Property Type: Retail
Structure Type: Other
Ownership Type: Freehold
Heating: Propane
Flooring: Concrete Slab
Living Area Total: 8,600 square feet
Price per sq ft: $152
Tax Annual Amount: $13,061
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Propane
Flooring: Concrete Slab
Common Interest: Freehold
Business Type: Industrial, Retail and Wholesale, Service
Number of photos available: 13
Rurl
Coordinates: [47.521126, -52.807575]
Rooms
Basic Calculator
First Mortgage: $1,039,920
Mortgage insurance premium: $0
Total Financing: $1,039,920
Rough closing fee (1.5%): ~ $19,499
Total downpayment with estimated closing fee: $279,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $9,460 | $113,520 |
| Gross rental income (income/principal ratio) | 0.728% | 8.733% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,625 | $19,500 |
| Vacancy | $473 | $5,676 |
| Management Fee | $757 | $9,082 |
| Expense / Income Ratio | 17.18% | 17.18% |
| Cash Flow | $6,606 | $79,272 |
| Net Operating Income (NOI) | $6,606 | $79,272 |
| Capitalization Rate | 0.51% | 6.10% |
Capitalization Rate: 6.10%
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).): $1,857,000
