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TelephoneEmail64 Airport Road Unit#100, St. John's, Newfoundland & Labrador, Canada A1A4Y3

64 Airport Road Unit#100

St. John's, NL, A1A4Y3

location

$1,150,000

64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
64 Airport Road Unit#100 St. John's Newfoundland & Labrador Canada A1A4Y3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1268865):

This prime commercial condo unit, conveniently nestled within the city’s east-end, offers a blend of office and warehouse space and presents an exceptional opportunity for owner-occupier investors. Featuring a meticulously maintained main floor office suite (~ 2,000 sqft) and attached warehouse with convenient grade-level access and exterior laydown/storage space, this property caters to a range of business needs. Situated at 64 Airport Rd within a two-unit commercial condo, unit 100 encompasses the main floor office, warehouse, a substantial portion of the basement (currently being used as a shared gym space), and outdoor lay-down/storage area. Monthly condo fees apply to cover all common area maintenance and expenses. *(see link for 3D walkthrough tour. In-person viewings available by appointment with advance notice. (id:56688)

Property Details
MLS: 1268865
Listing ID: 26686088
Address: 64 Airport Road Unit#100, St. John's, Newfoundland & Labrador, Canada A1A4Y3
Status: Active
Last updated: 7 days ago ( Oct 30, 2024 )
Year Built: 2016
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Heat Pump, Baseboard heaters, Electric
Living Area Total: 5,189 square feet
Price per sq ft: $222
Tax Annual Amount: $25,958
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump, Baseboard heaters, Electric
Common Interest: Freehold
Business Type: Industrial, Other, Service
Building Features: Exercise Centre, Air Conditioning
Number of photos available: 27
Rurl
Coordinates: [47.604385, -52.740791]

Rooms

Basic Calculator



First Mortgage: $920,000

Mortgage insurance premium: $0

Total Financing: $920,000

Rough closing fee (1.5%): ~ $17,250

Total downpayment with estimated closing fee: $247,250

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Investment Calculator:

MonthlyYearly
Gross Revenue$5,708$68,496
Gross rental income (income/principal ratio)0.496%5.956%
Mortgage$0$0
Monthly Expenses$1,438$17,256
Vacancy$286$3,425
Management Fee$457$5,480
Expense / Income Ratio25.19%25.19%
Cash Flow$3,528$42,336
Net Operating Income (NOI)$3,528$42,336
Capitalization Rate0.31%3.68%
Capitalization Rate: 3.68%
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).): $1,642,858