288-290 Duckworth Street
St. John's, NL, A1C1H3
$1,750,000
About the property (MLS: 1273235):
Iconic building for sale on the corner of Duckworth and Cathedral Street in the heart of downtown St. John’s. This building houses the world-famous Number 4 Restaurant, a two-story culinary masterpiece featuring one of the city’s best all-season covered decks, exceptional design, finishes, menu, bar menu, and execution. There are also four occupied apartment units with private entrances, decks, laundry, and modern finishes with much of the original character of the building maintained. On the Duckworth Street side, there’s a vacant main floor bar, well-established Tattoos by Gabby and Andrew on the second floor, and an additional vacant office space with a street-side entrance. This is an exceptional building, well-managed, and in good repair, with eight income-producing units. Please see the 3D tour, ask for the info package, or book a viewing, to own this special piece of downtown St. John’s. Note - in the 3D tour - there's additional links in the restaurant lobby to connect to each individual unit in the building. (id:56688)
Property Details
Listing ID: 27007254
Address: 288-290 Duckworth Street, St. John's, Newfoundland & Labrador, Canada A1C1H3
Status: Active
Last updated: 3 months ago ( Oct 23, 2024 )
Year Built: 1890
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 4
Number of Levels: 4
Heating: Electric
Flooring: Wood, Mixed Flooring
Living Area Total: 10,546 square feet
Price per sq ft: $166
Tax Annual Amount: $0
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Flooring: Wood, Mixed Flooring
Common Interest: Freehold
Business Type: Other
Building Features: Laundry Facility, Living Accommodation
Number of photos available: 46
Rurl
Coordinates: [47.565401, -52.707056]
Rooms
Basic Calculator
First Mortgage: $1,400,000
Mortgage insurance premium: $0
Total Financing: $1,400,000
Rough closing fee (1.5%): ~ $26,250
Total downpayment with estimated closing fee: $376,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $11,601 | $139,212 |
| Gross rental income (income/principal ratio) | 0.663% | 7.955% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,188 | $26,256 |
| Vacancy | $581 | $6,961 |
| Management Fee | $929 | $11,137 |
| Expense / Income Ratio | 18.86% | 18.86% |
| Cash Flow | $7,905 | $94,860 |
| Net Operating Income (NOI) | $7,905 | $94,860 |
| Capitalization Rate | 0.45% | 5.42% |
