157 Pennywell Road
St.John's, NL, A1C2L5
$399,900
About the property (MLS: 1280666):
Excellent opportunity. Commercial 2 apartment building with parking lot behind building. Building has 2 metres being used as a single unit for offices. In the past has been residential unit on second floor and offices below. Main floor has a reception area, 2 offices, 1/2 bath and a large meeting room. Basement has 2 storage rooms and 2 other rooms that could be used for storage or more offices. The upstairs has 3 large offices a full bathroom and a kitchen. Up stairs previously was a residential rental unit could be a 2-3 bedroom unit again. Central location close to amenities. (id:56688)
Property Details
Listing ID: 27773905
Address: 157 Pennywell Road, St.John's, Newfoundland & Labrador, Canada A1C2L5
Status: Active
Last updated: 11 days ago ( Jan 7, 2025 )
Year Built: 1960
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Living Area Total: 2,445 square feet
Price per sq ft: $164
Tax Annual Amount: $5,500
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Other, Service
Number of photos available: 24
Rurl
Coordinates: [47.560867, -52.723256]
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 | $2,690 | $32,280 |
| Gross rental income (income/principal ratio) | 0.673% | 8.072% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $135 | $1,614 |
| Management Fee | $216 | $2,583 |
| Expense / Income Ratio | 18.59% | 18.59% |
| Cash Flow | $1,841 | $22,092 |
| Net Operating Income (NOI) | $1,841 | $22,092 |
| Capitalization Rate | 0.46% | 5.52% |
