64 Airport Road Unit#100
St. John's, NL, A1A4Y3
$1,200,000
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
Listing ID: 26686088
Address: 64 Airport Road Unit#100, St. John's, Newfoundland & Labrador, Canada A1A4Y3
Status: Active
Last updated: a month ago ( Sep 23, 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: $232
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: $960,000
Mortgage insurance premium: $0
Total Financing: $960,000
Rough closing fee (1.5%): ~ $18,000
Total downpayment with estimated closing fee: $258,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,708 | $68,496 |
| Gross rental income (income/principal ratio) | 0.476% | 5.708% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,500 | $18,000 |
| Vacancy | $286 | $3,425 |
| Management Fee | $457 | $5,480 |
| Expense / Income Ratio | 26.28% | 26.28% |
| Cash Flow | $3,466 | $41,592 |
| Net Operating Income (NOI) | $3,466 | $41,592 |
| Capitalization Rate | 0.29% | 3.47% |
