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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
Creative financing will be considered | This property package, situated at 10852 (Lot 1 Blk 19 Plan 2010P) & 10856 98 Street (Lot 2 Blk 19 Plan 2010P), offers a unique investment opportunity. Comprising two boarding houses (12 & 7 units), the properties fall under DC1 zoning. Conveniently located at 108 Avenue and 98 Street near NAIT and Royal Alex hospital, these lots offer excellent development potential. Notable upgrades over the last 5-8 years include improved siding, windows, heating systems, and more. 10852 does not have any occupants, however 10856 is actively housing tenants and producing income. Sold 'AS IS WHERE IS', this investment has significant potential for returns and future expansion. All proposals are welcome. *Please do not approach tenants* (id:39198)
Location
Province
Alberta
City
Edmonton
Address
10852 & 10856 98 St Nw
Postal Code
T5H2P5
Location Highlights
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Listed by
Century 21 All Stars Realty Ltd 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
5,351
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)
5,351
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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