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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$369,900
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
On the market and looking for a investor!!! This is a 7 unit residential complex and includes a small commercial/retail store in the front on the ground level - great use for retail/office/small accounting or legal business or maybe a sole proprietor hair/nail/barber shop - the uses are quite broad. The residential units are fully self contained and include all the furnishings, kitchen utensils, fridge, stove and microwave. There are portable window AC units, one unit has its own laundry and they all have great access to the downtown area - these units are a fantastic home for staff housing for the out of town worker or an option for those who don't need a large space for living and are comfortable in a bachelor suite. The largest unit is 1200 sq feet and incorporates the retail/commercial space in the front with about 400 sq ft for the retail and 800 sq ft for the residential. The landlord is quite selective on the tenants that they rent to and have high standards on cleanliness and maintenance so the building is quite well looked after. Boiler heat with baseboard heaters in each unit give a great low cost option for the building and has been well maintained and inspected on a regular basis. This is a great income producing property at a fantastic price - the sign is up!! Call today!! (id:39198)
Location
Province
Alberta
City
Peace River
Address
1-7 9903 100 Avenue
Postal Code
T8S1R4
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
3,200
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
$369,900
Asking Price
$369,900
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)
3,200
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
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