28 Symonds Avenue
St. John's, NL, A1E1S1
$299,900
About the property (MLS: 1274622):
This one of a kind office space with new roof shingles, ready to be used as is for an office, or converted into a large residential residence, is located in the centre of St. John's, is on an almost 1/2 acre lot surrounded by mature trees. The 1775 square foot building has 9 1/2 foot ceilings with 3 offices, a large room that can be used as an office or board room, another large room that can used as an office or reception area, and 2 half bathrooms. Owners upgraded to an electric furnace about 8 years ago. (id:56688)
Property Details
MLS: 1274622
Listing ID: 27147271
Address: 28 Symonds Avenue, St. John's, Newfoundland & Labrador, Canada A1E1S1
Status: Active
Last updated: 24 days ago ( Aug 19, 2024 )
Property Type: Office
Structure Type: Offices
Ownership Type: Freehold
Heating: Hot water radiator heat, Radiant heat, Electric
Flooring: Hardwood, Laminate
Living Area Total: 1,775 square feet
Price per sq ft: $169
Tax Annual Amount: $8,415
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Radiant heat, Electric
Flooring: Hardwood, Laminate
Common Interest: Freehold
Business Type: Service
Number of photos available: 23
Rurl
Coordinates: [47.551875, -52.728795]
Listing ID: 27147271
Address: 28 Symonds Avenue, St. John's, Newfoundland & Labrador, Canada A1E1S1
Status: Active
Last updated: 24 days ago ( Aug 19, 2024 )
Property Type: Office
Structure Type: Offices
Ownership Type: Freehold
Heating: Hot water radiator heat, Radiant heat, Electric
Flooring: Hardwood, Laminate
Living Area Total: 1,775 square feet
Price per sq ft: $169
Tax Annual Amount: $8,415
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Radiant heat, Electric
Flooring: Hardwood, Laminate
Common Interest: Freehold
Business Type: Service
Number of photos available: 23
Rurl
Coordinates: [47.551875, -52.728795]
Rooms
Basic Calculator
First Mortgage: $239,920
Mortgage insurance premium: $0
Total Financing: $239,920
Rough closing fee (1.5%): ~ $4,499
Total downpayment with estimated closing fee: $64,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,953 | $23,436 |
| Gross rental income (income/principal ratio) | 0.651% | 7.815% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $375 | $4,500 |
| Vacancy | $98 | $1,172 |
| Management Fee | $157 | $1,875 |
| Expense / Income Ratio | 19.20% | 19.20% |
| Cash Flow | $1,325 | $15,900 |
| Net Operating Income (NOI) | $1,325 | $15,900 |
| Capitalization Rate | 0.44% | 5.30% |
Capitalization Rate: 5.30%
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).): $428,429
