83 Commonwealth Avenue
Mt. Pearl, NL, A1N1W7
$299,900
About the property (MLS: 1275301):
Approved site to build a 40' x 50' two level office building in the heart of Mt. Pearl with 19 parking spaces. Excellent location for Day Care, Doctors, Lawyers, dentists etc. View attached docs for Survey, approved building plans etc. (id:56688)
Property Details
MLS: 1275301
Listing ID: 27214904
Address: 83 Commonwealth Avenue, Mt. Pearl, Newfoundland & Labrador, Canada A1N1W7
Status: Active
Last updated: 2 months ago ( Jul 25, 2024 )
Year Built: 1938
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Forced air, Oil
Flooring: Hardwood, Wood
Living Area Total: 1,200 square feet
Price per sq ft: $250
Tax Annual Amount: $2,000
Tax Year: 2023
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Forced air, Oil
Flooring: Hardwood, Wood
Common Interest: Freehold
Business Type: Other
Number of photos available: 1
Rurl
Coordinates: [47.514714, -52.803092]
Listing ID: 27214904
Address: 83 Commonwealth Avenue, Mt. Pearl, Newfoundland & Labrador, Canada A1N1W7
Status: Active
Last updated: 2 months ago ( Jul 25, 2024 )
Year Built: 1938
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Forced air, Oil
Flooring: Hardwood, Wood
Living Area Total: 1,200 square feet
Price per sq ft: $250
Tax Annual Amount: $2,000
Tax Year: 2023
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Forced air, Oil
Flooring: Hardwood, Wood
Common Interest: Freehold
Business Type: Other
Number of photos available: 1
Rurl
Coordinates: [47.514714, -52.803092]
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 | $1,320 | $15,840 |
| Gross rental income (income/principal ratio) | 0.440% | 5.282% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $375 | $4,500 |
| Vacancy | $66 | $792 |
| Management Fee | $106 | $1,268 |
| Expense / Income Ratio | 28.41% | 28.41% |
| Cash Flow | $774 | $9,288 |
| Net Operating Income (NOI) | $774 | $9,288 |
| Capitalization Rate | 0.26% | 3.10% |
Capitalization Rate: 3.10%
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
