For sale · MLS® 1293631
20 Forest Road
Northern Arm, NL, A0H1E0
List price
$499,900
About this propertyMLS® 1293631
SPACE & SUNSHINE? COUNTRY LIVING, SMALL TOWN CONVENIENCE? Look no further than this 227.2 acre farm located on the banks of Peter's River just on the outskirts of the towns of Botwood/Northern Arm. Opportunity is knocking for your next business venture. This property contains a 4 bedroom home, with 2 bath, and a fully developed basement. Home has its own private well, septic, 200amp service. Home is heated with electric baseboard heaters and wood furnace. There is a 40x80 cold storage steel structure with its own 200amp service, concrete floor, sheeted with plywood inside, two bathrooms and 2 large garage doors. One in each end for easy access. Last but not least there is a 50x60 state of the art abattoir/meat shop (constructed in 2021) with showers, washrooms, 2 - 400amp services, vinyl windows and siding, commercial septic & well, walk-in freezers, walk-in coolers, office space and store front. YOUR ENTREPRENEURIAL SEARCH HAS ENDED! (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
2 m above sea level
Air quality now
AQHI 2.09 · Low risk
Grand Falls - Windsor station · updated 2:00 a.m.
Property tax
$1,149 / year
≈ $96 / month
Climate
Jan -3° · Jul 23°
normal daily high · RATTLING BRK NORRIS ARM station · 1991–2020
Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$96/mo
Principal & interest $0 + property tax $96 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-95
NOI / month
$-95
Cap rate
-0.23%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $96 | $1,149 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-95 | $-1,140 |
| NOI | $-95 | $-1,140 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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