For sale · MLS® 1302517
70 Main Road
Riverhead, NL, A0A3R0
List price
$599,900
About this propertyMLS® 1302517
Welcome to 70 Main Road in the beautiful coastal town of Riverhead. This sprawling property was formerly a personal care home. In recent years, it has been used as lodging for seasonal workers. A large paved driveway invites you to the front of the building and provides ample parking. The exterior is completed expansive green space and many spectacular natural views A 1700 square foot private home is attached to the property at the front, including 3 bedrooms and 2 baths. The rear expansion at the back added 10 bedrooms, common areas for dining and lounging, as well as office spaces. Two detached garages can be found behind the building and provides even more storage. There are endless commercial and/or residential opportunities for investment and development with this property. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
41 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
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Calculators & neighbourhood
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Mortgage & investment calculator
Estimated monthly payment
$0/mo
Principal & interest $0 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-750
NOI / month
$-750
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $0 | $0 |
| Expenses | $750 | $9,000 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-750 | $-9,000 |
| NOI | $-750 | $-9,000 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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Keller Williams Platinum Realty
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