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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$750,000
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
This is a well maintained 6 unit investor property that will be the perfect addition to your long term investment portfolio. 5 two bedroom units and 1 one bedroom unit that are in a great location with many renovations that make the property easy to rent to professionals in the area. Some of the recent upgrades are shingles (2023). new pumps, Hot water tank and in the last 3 years new gas dryers, washers and coin mechanism for same. All the units are renovated with new appliances, flooring, window coverings and lighting PLUS the one bedroom apartment is rented furnished. (id:39198)
Location
Province
Alberta
City
Peace River
Address
1-6 8009 99 Street
Postal Code
T8S1A8
Location Highlights
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Listed by
Century 21 Town and Country Realty 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
2,672
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
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Financial Information
Yearly Rate
$750,000
Asking Price
$750,000
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)
2,672
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
N/A
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