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TelephoneEmail397 Empire Avenue, St. John's, Newfoundland & Labrador, Canada A1E1W6

397 Empire Avenue

St. John's, NL, A1E1W6

location

$474,000

397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
397 Empire Avenue St. John's Newfoundland & Labrador Canada A1E1W6, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1277626):

Unique opportunity to purchase a commercial-residential mixed property with plenty of parking for multiple commercial options. Residential portion is on the second floor, retaining some original character, 3 bedrooms, 1 bath, kitchen and a large living room-dining combination with non-functional fireplace. The main floor consists of approximately 1800 square feet of former store front and approximately 1000 square feet of garage and storage areas. Many options for development and future use! Zoned Commercial Neighbourhood. (id:56688)

Property Details
MLS: 1277626
Listing ID: 27442795
Address: 397 Empire Avenue, St. John's, Newfoundland & Labrador, Canada A1E1W6
Status: Active
Last updated: 5 months ago ( Sep 19, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Hot water radiator heat, Oil
Flooring: Mixed Flooring
Fencing: Partially fenced
Living Area Total: 4,351 square feet
Price per sq ft: $109
Tax Annual Amount: $6,624
Tax Year: 2024
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
Business Type: Industrial, Other, Retail and Wholesale
Building Features: Living Accommodation
Number of photos available: 15
Rurl
Coordinates: [47.555858, -52.742123]

Rooms

Basic Calculator



First Mortgage: $379,200

Mortgage insurance premium: $0

Total Financing: $379,200

Rough closing fee (1.5%): ~ $7,110

Total downpayment with estimated closing fee: $101,910

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Investment Calculator:

MonthlyYearly
Gross Revenue$4,787$57,444
Gross rental income (income/principal ratio)1.010%12.119%
Mortgage$0$0
Monthly Expenses$593$7,116
Vacancy$240$2,873
Management Fee$383$4,596
Expense / Income Ratio12.39%12.39%
Cash Flow$3,572$42,864
Net Operating Income (NOI)$3,572$42,864
Capitalization Rate0.75%9.04%
Capitalization Rate: 9.04%
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).): $677,143