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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$829,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Existing 2.14% Assumable Mortgage!! Welcome to an exceptional multi-family investment property in Lloydminster, Alberta, Canada's prestigious College Park neighborhood. This property presents a rare opportunity to own a rental apartment complex in one of the city's most coveted areas. With its prime location, proximity to amenities, and limited availability, this investment property is truly a gem within College Park. Nestled near College Park Lake, picturesque walking paths, and the College Park K-9 School, it offers a unique chance to invest in an exclusive community. The property consists of just six buildings in the entire complex, all well-maintained bi-level structures totalling 5,032 square feet of living space across six units. Three of these units offer a generous 2,516 square feet of above-ground apartment space. Each apartment comprises two bedrooms, a kitchen with a separate eating area, a comfortable living room, in-suite laundry facilities, and a fully equipped bathroom. For added convenience, all six essential appliances are included in each unit. Nestled in a quiet cul-de-sac, this property ensures a tranquil and secure living environment. Whether you're a seasoned investor or just starting your rental property portfolio, this represents a smart choice for a lucrative and prestigious investment in the heart of College Park, Alberta. Don't miss this rare opportunity – contact us today to explore owning your own rental property apartment in this highly sought-after neighborhood. (id:39198)
Location
Province
Alberta
City
Lloydminster
Address
1 1901 52 Avenue
Postal Code
T9V3K8
Location Highlights
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Listed by
RE/MAX OF LLOYDMINSTER Alberta listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
2,562
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
N/A
Financial Information
Yearly Rate
$829,900
Asking Price
$829,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
2,562
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
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Market Competition
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