393 Hamilton Extension
St. John's, NL, A1E1K5
$499,000
About the property (MLS: 1274572):
Absolute perfect location for a person to start their new business venture, centre city with quick easy access to all points of the city. An added bonus of living accommodations upstairs, a 1200 sqft three bedroom apartment. The apt is in excellent condition with loads of space, hardwood floors, kitchen, dining and living room plus three bedrooms. This property offers many opportunities to operate your own business or maybe you are looking for a commercial/residential investment property. This property had renovations to electrical, shingles and other sections of the building. This building offers 1742 sqft of business space on the main floor plus 1742 sqft of operating prep space downstairs, the residential section up is 1200 sqft. (id:56688)
Property Details
Listing ID: 27139537
Address: 393 Hamilton Extension, St. John's, Newfoundland & Labrador, Canada A1E1K5
Status: Active
Last updated: 2 months ago ( Jul 8, 2024 )
Year Built: 1965
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Heating: Hot water radiator heat, Oil
Flooring: Mixed Flooring
Living Area Total: 3,541 square feet
Price per sq ft: $141
Tax Annual Amount: $3,460.5
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Oil
Flooring: Mixed Flooring
Common Interest: Freehold
Building Features: Canopy, Living Accommodation
Number of photos available: 32
Rurl
Coordinates: [47.546746, -52.735376]
Rooms
Basic Calculator
First Mortgage: $399,200
Mortgage insurance premium: $0
Total Financing: $399,200
Rough closing fee (1.5%): ~ $7,485
Total downpayment with estimated closing fee: $107,285
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,896 | $46,752 |
| Gross rental income (income/principal ratio) | 0.781% | 9.369% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $624 | $7,488 |
| Vacancy | $195 | $2,338 |
| Management Fee | $312 | $3,741 |
| Expense / Income Ratio | 16.02% | 16.02% |
| Cash Flow | $2,766 | $33,192 |
| Net Operating Income (NOI) | $2,766 | $33,192 |
| Capitalization Rate | 0.55% | 6.65% |
