For sale · MLS® 1304127
288-290 Duckworth Street
St. John's, NL, A1C1H3
List price
$1,475,000
About this propertyMLS® 1304127
Iconic building for sale on the corner of Duckworth and Cathedral Street in the heart of downtown St. John’s. This building houses the world-famous Number 4 Restaurant, a two-story culinary masterpiece featuring one of the city’s best all-season covered decks, exceptional design, finishes, menu, bar menu, and execution. There are also four occupied apartment units with private entrances, decks, laundry, and modern finishes with much of the original character of the building maintained. On the Duckworth Street side, there’s a vacant main floor bar, well-established Tattoos by Gabby and Andrew on the second floor, and an additional vacant office space with a street-side entrance. This is an exceptional building, well-managed, and in good repair, with eight income-producing units. Please see the 3D tour, ask for the info package, or book a viewing, to own this special piece of downtown St. John’s. Note - in the 3D tour - there's additional links in the restaurant lobby to connect to each individual unit in the building. (id:56688)
Property details
Coordinates: [47.565439, -52.70703]
Rooms
Basic Calculator
First Mortgage: $1,180,000
Mortgage insurance premium: $0
Total Financing: $1,180,000
Rough closing fee (1.5%): ~ $22,125
Total downpayment with estimated closing fee: $317,125
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $11,601 | $139,212 |
| Gross rental income (income/principal ratio) | 0.787% | 9.438% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,844 | $22,128 |
| Vacancy | $581 | $6,961 |
| Management Fee | $929 | $11,137 |
| Expense / Income Ratio | 15.90% | 15.90% |
| Cash Flow | $8,249 | $98,988 |
| Net Operating Income (NOI) | $8,249 | $98,988 |
| Capitalization Rate | 0.56% | 6.71% |
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