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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$924,900
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
You need to see this one of a kind property!! 5 legal suites above grade with additional income potential in the basement. This meticulously maintained classic home has the charm and modern conveniences you’ve been looking for. The main floor suite is spacious and offers two bedrooms and an open main floor plan. The second and third floors have an additional 4 legal suites, all with separate meters and paying their own electricity. These 4 suites are currently rented. The owner has continued to maintain the property over the years and always keeps it looking beautiful. Whether you want a great hands off revenue property or you want to live in the beautiful main floor suite and bring in extra income from the other units, this house has so much potential. The front sunroom even has a separate exterior entrance and would be a great office or area to host clients. There’s far too much to tell you about in this write-up, you need to come take a look for yourself! (id:39198)
Location
Province
Alberta
City
Lethbridge
Address
10
Postal Code
T1J2M8
Location Highlights
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Listed by
Lethbridge Real Estate.com 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
3,509
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
$924,900
Asking Price
$924,900
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)
3,509
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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