
About this propertyMLS® 1301969
Unique Opportunity! High exposure, 3 level plus full basement, commercial building is optimally located on the corner of Duckworth and Prescott Street in a convenient, high traffic area, downtown St. John’s! Main level is currently vacant with two washrooms, Second level has office space including reception area, two private offices, washroom and storage. Top level is vacant with four offices, kitchenette, board room and washroom. Basement is utilized for general storage and also includes a walk in vault. Ready for immediate occupancy! *Any HST applicable is the responsibility of the purchaser. (id:56688)
Property details
Coordinates: [47.566551, -52.705252]
Rooms
Basic Calculator
First Mortgage: $319,200
Mortgage insurance premium: $0
Total Financing: $319,200
Rough closing fee (1.5%): ~ $5,985
Total downpayment with estimated closing fee: $85,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $6,645 | $79,740 |
| Gross rental income (income/principal ratio) | 1.665% | 19.985% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $499 | $5,988 |
| Vacancy | $333 | $3,987 |
| Management Fee | $532 | $6,380 |
| Expense / Income Ratio | 7.51% | 7.51% |
| Cash Flow | $5,283 | $63,396 |
| Net Operating Income (NOI) | $5,283 | $63,396 |
| Capitalization Rate | 1.32% | 15.89% |
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