9 Commonwealth Avenue
Mount Pearl, NL, A1N1W3
$619,900
About the property (MLS: 1274127):
Are you looking for a highly visible location for your business? This building is located on one of the busier streets on the Avalon Pennisula. There are many different types of business and offices on this street in Mount Pearl. This building is presently home to two separate businesses. This purchase price includes land and building only. The Purchaser is responsible for the apllicable HST , permits etc:. (id:56688)
Property Details
MLS: 1274127
Listing ID: 27096916
Address: 9 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1W3
Status: Active
Last updated: 3 months ago ( Sep 20, 2024 )
Year Built: 1987
Property Type: Retail
Structure Type: Other
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Heating: Baseboard heaters, Electric
Living Area Total: 2,300 square feet
Price per sq ft: $270
Tax Annual Amount: $3,464
Tax Year: 2023
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Common Interest: Freehold
Business Type: Service
Number of photos available: 6
Rurl
Coordinates: [47.521153, -52.807229]
Listing ID: 27096916
Address: 9 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1W3
Status: Active
Last updated: 3 months ago ( Sep 20, 2024 )
Year Built: 1987
Property Type: Retail
Structure Type: Other
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Heating: Baseboard heaters, Electric
Living Area Total: 2,300 square feet
Price per sq ft: $270
Tax Annual Amount: $3,464
Tax Year: 2023
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Common Interest: Freehold
Business Type: Service
Number of photos available: 6
Rurl
Coordinates: [47.521153, -52.807229]
Rooms
Basic Calculator
First Mortgage: $495,920
Mortgage insurance premium: $0
Total Financing: $495,920
Rough closing fee (1.5%): ~ $9,299
Total downpayment with estimated closing fee: $133,279
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,530 | $30,360 |
| Gross rental income (income/principal ratio) | 0.408% | 4.898% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $775 | $9,300 |
| Vacancy | $127 | $1,518 |
| Management Fee | $203 | $2,429 |
| Expense / Income Ratio | 30.63% | 30.63% |
| Cash Flow | $1,427 | $17,124 |
| Net Operating Income (NOI) | $1,427 | $17,124 |
| Capitalization Rate | 0.23% | 2.76% |
Capitalization Rate: 2.76%
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).): $885,572
