1171 Topsail Road
Mount Pearl, NL, A1N5G2
$1,800,000
About the property (MLS: 1276777):
Great Opportunity for a Commercial Building with Excellent Traffic exposure. with 11400 sqf Warehouse Space and 2400 Sqf of Retail Office Space. The Warehouse space consists of a section approxiately 60x50 at 16 feet height and and 60-120 at 13 feet height. 2 Doc level doors and grade level door. Formerly used for Manufacturing of windows and Currently operating as Water Bottling plant, assets of the Business are available for sale should a potential buyer be interested. Available for Lease As well. (id:56688)
Property Details
MLS: 1276777
Listing ID: 27346947
Address: 1171 Topsail Road, Mount Pearl, Newfoundland & Labrador, Canada A1N5G2
Status: Active
Last updated: 3 months ago ( Aug 30, 2024 )
Year Built: 1990
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Flooring: Carpeted, Concrete Slab
Living Area Total: 13,800 square feet
Price per sq ft: $131
Tax Annual Amount: $12,148
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Carpeted, Concrete Slab
Common Interest: Freehold
Business Type: Industrial, Manufacturing, Other
Number of photos available: 10
Rurl
Coordinates: [47.527586, -52.823335]
Listing ID: 27346947
Address: 1171 Topsail Road, Mount Pearl, Newfoundland & Labrador, Canada A1N5G2
Status: Active
Last updated: 3 months ago ( Aug 30, 2024 )
Year Built: 1990
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Flooring: Carpeted, Concrete Slab
Living Area Total: 13,800 square feet
Price per sq ft: $131
Tax Annual Amount: $12,148
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Carpeted, Concrete Slab
Common Interest: Freehold
Business Type: Industrial, Manufacturing, Other
Number of photos available: 10
Rurl
Coordinates: [47.527586, -52.823335]
Rooms
Basic Calculator
First Mortgage: $1,440,000
Mortgage insurance premium: $0
Total Financing: $1,440,000
Rough closing fee (1.5%): ~ $27,000
Total downpayment with estimated closing fee: $387,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $15,181 | $182,172 |
| Gross rental income (income/principal ratio) | 0.843% | 10.121% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,250 | $27,000 |
| Vacancy | $760 | $9,109 |
| Management Fee | $1,215 | $14,574 |
| Expense / Income Ratio | 14.82% | 14.82% |
| Cash Flow | $10,958 | $131,496 |
| Net Operating Income (NOI) | $10,958 | $131,496 |
| Capitalization Rate | 0.61% | 7.31% |
Capitalization Rate: 7.31%
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).): $2,571,429
