1171 Topsail Road
Mount Pearl, NL, A1N5G2
$1,900,000
About the property (MLS: 1270164):
Great Opportunity for a Commercial Building with Excellent Traffic exposure. with 11400 sqf Warehouse Space and 2400 Sqf of Retail Office Space. The Warehouse space consists of a section approxiately 60x50 at 16 feet height and and 60-120 at 13 feet height. 2 Doc level doors and grade level door. Formerly used for Manufacturing of windows and Currently operating as Water Bottling plant, assets of the Business are available for sale should a potential buyer be interested. Available for Sale As well. (id:56688)
Property Details
MLS: 1270164
Listing ID: 26793011
Address: 1171 Topsail Road, Mount Pearl, Newfoundland & Labrador, Canada A1N5G2
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 1990
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Flooring: Carpeted, Concrete Slab
Living Area Total: 13,800 square feet
Price per sq ft: $138
Tax Annual Amount: $12,148
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Carpeted, Concrete Slab
Common Interest: Freehold
Business Type: Industrial, Manufacturing, Other
Number of photos available: 10
Rurl
Coordinates: [47.52755, -52.823316]
Listing ID: 26793011
Address: 1171 Topsail Road, Mount Pearl, Newfoundland & Labrador, Canada A1N5G2
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 1990
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Flooring: Carpeted, Concrete Slab
Living Area Total: 13,800 square feet
Price per sq ft: $138
Tax Annual Amount: $12,148
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Carpeted, Concrete Slab
Common Interest: Freehold
Business Type: Industrial, Manufacturing, Other
Number of photos available: 10
Rurl
Coordinates: [47.52755, -52.823316]
Rooms
Basic Calculator
First Mortgage: $1,520,000
Mortgage insurance premium: $0
Total Financing: $1,520,000
Rough closing fee (1.5%): ~ $28,500
Total downpayment with estimated closing fee: $408,500
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $15,181 | $182,172 |
| Gross rental income (income/principal ratio) | 0.799% | 9.588% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,375 | $28,500 |
| Vacancy | $760 | $9,109 |
| Management Fee | $1,215 | $14,574 |
| Expense / Income Ratio | 15.64% | 15.64% |
| Cash Flow | $10,833 | $129,996 |
| Net Operating Income (NOI) | $10,833 | $129,996 |
| Capitalization Rate | 0.57% | 6.84% |
Capitalization Rate: 6.84%
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).): $2,714,286
