131-133 Commonwealth Avenue
Mount Pearl, NL, A1N1X1
$399,900
About the property (MLS: 1269404):
Prime residential/commercial property is located on Commonwealth Avenue. Lot size measures 129’ frontage x 150’.With the large lot, high visibility, and prime high-traffic location, the potential new owners are offered a wide range of business/residential opportunities for the property. The property is zoned ICI Commercial. HST is the responsibility of the new owner. (id:56688)
Property Details
MLS: 1269404
Listing ID: 26712457
Address: 131-133 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1X1
Status: Active
Last updated: 7 months ago ( May 15, 2024 )
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Heating: No heat
Price per sq ft: $∞
Tax Annual Amount: $4,900
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: No heat
Common Interest: Freehold
Business Type: Other
Number of photos available: 5
Rurl
Coordinates: [47.510729, -52.798383]
Listing ID: 26712457
Address: 131-133 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1X1
Status: Active
Last updated: 7 months ago ( May 15, 2024 )
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Heating: No heat
Price per sq ft: $∞
Tax Annual Amount: $4,900
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: No heat
Common Interest: Freehold
Business Type: Other
Number of photos available: 5
Rurl
Coordinates: [47.510729, -52.798383]
Rooms
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-500 | $-6,000 |
| Net Operating Income (NOI) | $-500 | $-6,000 |
| Capitalization Rate | -0.13% | -1.50% |
Capitalization Rate: -1.50%
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).): $571,286
