For sale · MLS® 1282071
35 Campbell Avenue
St. John's, NL, A1E2Z3
List price
$2,000,000
About this propertyMLS® 1282071
Retail & office building for sale.4742 sq. ft.Previously occupied by Lawton's Drugs on the main floor .There is one additional floor of office space ( equivalent square footage of 4742 sq. ft. ) which is currently leased to Eastern Health and used for doctor's offices & clinic.Main Floor asking rate is $14.00 sq. ft N3.with the top floor (3rd.) available at $ 13.00 sq. ft. N3 Landlord is open to discussing fitup costs and financing options . There are 49 parking spaces on a first come first serve basis. Main & third floors have been just painted. (id:56688)
Property details
Coordinates: [47.554277, -52.725481]
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
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $15,649 | $187,788 |
| Gross rental income (income/principal ratio) | 0.782% | 9.389% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,500 | $30,000 |
| Vacancy | $783 | $9,390 |
| Management Fee | $1,252 | $15,024 |
| Expense / Income Ratio | 15.98% | 15.98% |
| Cash Flow | $11,115 | $133,380 |
| Net Operating Income (NOI) | $11,115 | $133,380 |
| Capitalization Rate | 0.56% | 6.67% |
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