14 Penny Lane
St. John's, NL, A1A5C9
$399,900
About the property (MLS: 1279351):
- Welcome to 14 Penney Lane. This commercial building has been used as a industrial workshop with multiple garage bays. As you walk in there is a reception area lunch room and bathroom. Upstairs there is 4 offices and a large boardroom. Plus extra storage areas. The workshop area consist of 3 bays with various different ceiling heights. There is a breezeway and a furnace area off to the right of the building. There is parking for multiple vehicles. There is a 200 Amp electrical service. (id:56688)
Property Details
MLS: 1279351
Listing ID: 27616976
Address: 14 Penny Lane, St. John's, Newfoundland & Labrador, Canada A1A5C9
Status: Active
Last updated: a month ago ( Nov 5, 2024 )
Year Built: 1970
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Heating: Hot water radiator heat, Baseboard heaters, Forced air, Electric, Radiator
Flooring: Other
Living Area Total: 3,037 square feet
Price per sq ft: $132
Tax Annual Amount: $4,445
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Baseboard heaters, Forced air, Electric, Radiator
Flooring: Other
Common Interest: Freehold
Business Type: Other
Number of photos available: 5
Rurl
Coordinates: [47.60399, -52.719304]
Listing ID: 27616976
Address: 14 Penny Lane, St. John's, Newfoundland & Labrador, Canada A1A5C9
Status: Active
Last updated: a month ago ( Nov 5, 2024 )
Year Built: 1970
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Heating: Hot water radiator heat, Baseboard heaters, Forced air, Electric, Radiator
Flooring: Other
Living Area Total: 3,037 square feet
Price per sq ft: $132
Tax Annual Amount: $4,445
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Baseboard heaters, Forced air, Electric, Radiator
Flooring: Other
Common Interest: Freehold
Business Type: Other
Number of photos available: 5
Rurl
Coordinates: [47.60399, -52.719304]
Rooms
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,341 | $40,092 |
| Gross rental income (income/principal ratio) | 0.835% | 10.026% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $168 | $2,005 |
| Management Fee | $268 | $3,208 |
| Expense / Income Ratio | 14.97% | 14.97% |
| Cash Flow | $2,407 | $28,884 |
| Net Operating Income (NOI) | $2,407 | $28,884 |
| Capitalization Rate | 0.60% | 7.22% |
Capitalization Rate: 7.22%
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).): $571,286
