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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,699,900
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
Attention Investors! This is a rare opportunity to acquire a 5-unit building in one of Halifax's most desirable locations. 1135 South Park Street generates over $9,300/month in rental income, thanks to its prime location in a high-demand area with a strong tenant base. Each unit features its own laundry, separate power meter, and private entrance, with access to a common foyer and utility room. Tenants are responsible for their own power. The building comprises: 1 x 3-bedroom unit 1 x 1-bedroom unit 3 x 2-bedroom units Both the building and its units are in excellent condition, with reliable tenants in place. The property is within walking distance of Dalhousie University, Saint Mary?s University, hospitals, parks, shopping, restaurants, cafes, and much more. Opportunities to acquire rental properties like this are rare?don't miss your chance! (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
1135 South Park Street
Postal Code
B3H2W6
Location Highlights
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Listed by
RE/MAX Nova (Halifax) Nova Scotia 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
0
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
$1,699,900
Asking Price
$1,699,900
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)
0
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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