360-364 Conception Bay Highway
Conception bay South, NL, A1X7A4
$1,400,000
About the property (MLS: 1279555):
Outstanding opportunity to buy a high traffic visibility commercial corner lot in downtown Conception Bay South. Tremendous amount of traffic passes through this location daily. Selling as a package with 5-7 Terminal Road. Current use is 2 two-apartment homes with total rent of $2,900 per month POU. (id:56688)
Property Details
MLS: 1279555
Listing ID: 27640760
Address: 360-364 Conception Bay Highway, Conception bay South, Newfoundland & Labrador, Canada A1X7A4
Status: Active
Last updated: a month ago ( Nov 12, 2024 )
Year Built: 1950
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Hot water radiator heat
Price per sq ft: $∞
Tax Annual Amount: $9,940
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat
Common Interest: Freehold
Business Type: Other
Number of photos available: 24
Rurl
Coordinates: [47.509534, -52.979577]
Listing ID: 27640760
Address: 360-364 Conception Bay Highway, Conception bay South, Newfoundland & Labrador, Canada A1X7A4
Status: Active
Last updated: a month ago ( Nov 12, 2024 )
Year Built: 1950
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Hot water radiator heat
Price per sq ft: $∞
Tax Annual Amount: $9,940
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat
Common Interest: Freehold
Business Type: Other
Number of photos available: 24
Rurl
Coordinates: [47.509534, -52.979577]
Rooms
Basic Calculator
First Mortgage: $1,120,000
Mortgage insurance premium: $0
Total Financing: $1,120,000
Rough closing fee (1.5%): ~ $21,000
Total downpayment with estimated closing fee: $301,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,750 | $21,000 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-1,750 | $-21,000 |
| Net Operating Income (NOI) | $-1,750 | $-21,000 |
| Capitalization Rate | -0.13% | -1.50% |
Capitalization Rate: -1.50%
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).): $2,000,000
