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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,395,000
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
Well maintained and fully occupied multi family investment property in the heart of Frankford, ON Building contains a toal of 9 units with 6 large one bedroom units and 3 two bedrooms units. Most units have updated kitchens and bathrooms. View of river and local golf courses, water parks and parkland make this a sought after location for renters. Roof replaced in 2017, Gas boiler replaced 2015, paved parking lot. Tenants pay their own hydro, landlord pays heat and water and common hydro. Coin operated laundry on site. 9 Fridges and Stoves included . Sprinkler system in basement area. Income and Expense Statements are available on request. Seller may provide Vendor Take Back (a second mortgage at a very low interest rate for up to 2 years, depending on the offer) which would allow a buyer to possibly purchase the property with a lower deposit and possibly pay less for the total mortgage monthly payments. (id:39198)
Location
Province
Ontario
City
Quinte West
Address
10 William Ave
Postal Code
K0K2C0
Location Highlights
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Listed by
RIGHT AT HOME REALTY Ontario 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
16,749
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
$1,395,000
Asking Price
$1,395,000
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)
16,749
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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