254 Water Street
St. John's, NL, A1C1B7
$325,000
About the property (MLS: 1275653):
This Commercial building is located in the core business district of St. John's. Centrally located on Water Street this 3 story the property has plenty of space for any prospective business opportunity. Complete with a kitchenette, 2 washrooms, storage area and 3 spacious floors that are partially renovated to provide a blank palette for a new business and easy instillation. (id:56688)
Property Details
MLS: 1275653
Listing ID: 27239803
Address: 254 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1B7
Status: Active
Last updated: 4 months ago ( Aug 1, 2024 )
Property Type: Retail
Structure Type: Retail
Ownership Type: Freehold
Heating: Electric
Living Area Total: 1,971 square feet
Price per sq ft: $165
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Restaurant, Retail and Wholesale, Service
Number of photos available: 14
Rurl
Coordinates: [47.562703, -52.708855]
Listing ID: 27239803
Address: 254 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1B7
Status: Active
Last updated: 4 months ago ( Aug 1, 2024 )
Property Type: Retail
Structure Type: Retail
Ownership Type: Freehold
Heating: Electric
Living Area Total: 1,971 square feet
Price per sq ft: $165
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Restaurant, Retail and Wholesale, Service
Number of photos available: 14
Rurl
Coordinates: [47.562703, -52.708855]
Rooms
Basic Calculator
First Mortgage: $260,000
Mortgage insurance premium: $0
Total Financing: $260,000
Rough closing fee (1.5%): ~ $4,875
Total downpayment with estimated closing fee: $69,875
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,169 | $26,028 |
| Gross rental income (income/principal ratio) | 0.667% | 8.009% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $407 | $4,884 |
| Vacancy | $109 | $1,302 |
| Management Fee | $174 | $2,083 |
| Expense / Income Ratio | 18.76% | 18.76% |
| Cash Flow | $1,481 | $17,772 |
| Net Operating Income (NOI) | $1,481 | $17,772 |
| Capitalization Rate | 0.46% | 5.47% |
Capitalization Rate: 5.47%
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).): $464,286
