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TelephoneEmail35 Campbell Avenue, St. John's, Newfoundland & Labrador, Canada A1E2Z3

35 Campbell Avenue

St. John's, NL, A1E2Z3

location

$2,000,000

35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
35 Campbell Avenue St. John's Newfoundland & Labrador Canada A1E2Z3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1280120):

Net Rentable area of 14000 sq. ft. Paved Parking for 40 cars with additional expansion space available to the rear and east of the building .Wrap around windows on the second and third levels that can be accessed via a 12-person Dover elevator or staircases to the front and rear of the building .Heating is rooftop mounted units with supplementary electric baseboard units. The cooling source is rooftop mounted units . 1200 amp,120/208-volt main entrance with separate electrical meters for each floor. For Leasing purposes the main floor asking rate is $14.00 psf triple net and the top floor at $12.00 psf triple net. *****Please note that second floor viewings are by appointment only after hours as this floor is occupied (leased) by Eastern Health for doctors and their patients in multiple clinic (id:56688)

Property Details
MLS: 1280120
Listing ID: 27714318
Address: 35 Campbell Avenue, St. John's, Newfoundland & Labrador, Canada A1E2Z3
Status: Active
Last updated: 2 months ago ( Dec 5, 2024 )
Year Built: 1990
Property Type: Retail
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Radiant heat, Electric
Flooring: Carpeted, Other, Mixed Flooring
Living Area Total: 14,000 square feet
Price per sq ft: $143
Tax Annual Amount: $31,800
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Radiant heat, Electric
Flooring: Carpeted, Other, Mixed Flooring
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Service
Number of photos available: 18
Rurl
Coordinates: [47.554276, -52.725429]

Rooms

Basic Calculator



First Mortgage: $1,600,000

Mortgage insurance premium: $0

Total Financing: $1,600,000

Rough closing fee (1.5%): ~ $30,000

Total downpayment with estimated closing fee: $430,000

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Investment Calculator:

MonthlyYearly
Gross Revenue$15,401$184,812
Gross rental income (income/principal ratio)0.770%9.241%
Mortgage$0$0
Monthly Expenses$2,500$30,000
Vacancy$771$9,241
Management Fee$1,233$14,785
Expense / Income Ratio16.23%16.23%
Cash Flow$10,899$130,788
Net Operating Income (NOI)$10,899$130,788
Capitalization Rate0.54%6.54%
Capitalization Rate: 6.54%
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).): $2,857,143