For sale · MLS® 1304663
95 Lemarchant Road
St. John's, NL, A1B2B7
List price
$850,000
About this propertyMLS® 1304663
Situated in a high visibility, prime city centre location with ample rear parking lot, this purpose built medical services/office building presents a unique opportunity! With 3 developed levels, including the walk out basement, this well-constructed building consists of central lobby area, multiple self-contained spaces (ideal for independent tenants if desired), offices, boardroom, kitchenettes, open area for pod systems, several bathroom facilities and storage, allowing for a variety of uses. The accessible main level (~4400 square feet) has a vacant space of 3500 square feet, ideal for an owner occupied tenant. Two wonderful long-term tenants currently occupying a portion of the main level and entire second floor. The walk out basement also has vacant space. Building has been well-maintained by current owner with roof covering and parking lot recently replaced. Great city and harbour views from the rear! Great opportunity exists, with on site parking, and easy access to bus route! (id:56688)
Property details
Coordinates: [47.560639, -52.717624]
Rooms
Basic Calculator
First Mortgage: $680,000
Mortgage insurance premium: $0
Total Financing: $680,000
Rough closing fee (1.5%): ~ $12,750
Total downpayment with estimated closing fee: $182,750
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $10,620 | $127,440 |
| Gross rental income (income/principal ratio) | 1.249% | 14.993% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,063 | $12,756 |
| Vacancy | $531 | $6,372 |
| Management Fee | $850 | $10,196 |
| Expense / Income Ratio | 10.01% | 10.01% |
| Cash Flow | $8,177 | $98,124 |
| Net Operating Income (NOI) | $8,177 | $98,124 |
| Capitalization Rate | 0.96% | 11.54% |
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