For sale · MLS® 1303783
639 Torbay Road
St. John's, NL, A1A5G9
List price
$795,000
About this propertyMLS® 1303783
This 4600sqft commercial building is situated on 0.8 acres of high visibility land between Stavanger Drive and Hebron Way with 194.9ft of frontage on Torbay Road. The main floor features 7 offices and 4 washrooms plus a full kitchen and a 600sqft garage. The lower level is grade level at the rear and has been operating as a mill-shop and is suitable for many other uses or development as additional office space. Outside there is ample parking with rear yard access that has been utilized as a laydown area and is ready for future development. This is an ideal opportunity for an owner occupied business or for a strategic investment given its proximity to the Health Hub, major retailers, and the highway. (id:56688)
Property details
Coordinates: [47.616311, -52.723635]
Rooms
Basic Calculator
First Mortgage: $636,000
Mortgage insurance premium: $0
Total Financing: $636,000
Rough closing fee (1.5%): ~ $11,925
Total downpayment with estimated closing fee: $170,925
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,060 | $60,720 |
| Gross rental income (income/principal ratio) | 0.636% | 7.638% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $994 | $11,928 |
| Vacancy | $253 | $3,036 |
| Management Fee | $405 | $4,858 |
| Expense / Income Ratio | 19.64% | 19.64% |
| Cash Flow | $3,409 | $40,908 |
| Net Operating Income (NOI) | $3,409 | $40,908 |
| Capitalization Rate | 0.43% | 5.15% |
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