23 Cashin Avenue
St. John's, NL, A1E3A9
$350,000
About the property (MLS: 1272783):
Opportunity knocks with this commercial building, ideally situated in a high-traffic area. While it requires significant renovations, this property offers immense potential for the right buyer. With ample square footage and a flexible layout, the building is perfect for various business ventures. Features include large display windows, ample parking, and a prominent storefront. Sold as is, this is your chance to create a space tailored to your needs. Seize this unique opportunity to transform and add value to this promising commercial property. (id:56688)
Property Details
MLS: 1272783
Listing ID: 26959868
Address: 23 Cashin Avenue, St. John's, Newfoundland & Labrador, Canada A1E3A9
Status: Active
Last updated: 2 years ago ( May 29, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Hot water radiator heat, Radiant heat, Oil
Flooring: Carpeted, Other, Ceramic Tile, Mixed Flooring
Lot Size Area: 0.5
Price per sq ft: $∞
Tax Annual Amount: $3,485
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Radiant heat, Oil
Flooring: Carpeted, Other, Ceramic Tile, Mixed Flooring
Common Interest: Freehold
Business Type: Other, Service
Number of photos available: 12
Rurl
Coordinates: [47.55631, -52.732991]
Listing ID: 26959868
Address: 23 Cashin Avenue, St. John's, Newfoundland & Labrador, Canada A1E3A9
Status: Active
Last updated: 2 years ago ( May 29, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Hot water radiator heat, Radiant heat, Oil
Flooring: Carpeted, Other, Ceramic Tile, Mixed Flooring
Lot Size Area: 0.5
Price per sq ft: $∞
Tax Annual Amount: $3,485
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Radiant heat, Oil
Flooring: Carpeted, Other, Ceramic Tile, Mixed Flooring
Common Interest: Freehold
Business Type: Other, Service
Number of photos available: 12
Rurl
Coordinates: [47.55631, -52.732991]
Rooms
Basic Calculator
First Mortgage: $280,000
Mortgage insurance premium: $0
Total Financing: $280,000
Rough closing fee (1.5%): ~ $5,250
Total downpayment with estimated closing fee: $75,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-438 | $-5,256 |
| Net Operating Income (NOI) | $-438 | $-5,256 |
| 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).): $500,000
