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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,450,000
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
GREAT INVESTMENT OPPORTUNITY! Well maintained multi-family building located only minutes to downtown and close to transit and amenities. This purpose built 6-plex is fully leased and has an additional unit in the basement that's unfinished and can become another rental space making it 7 units. This building is comprised of large spacious units with very functional layouts (5 x 2 bedroom and 1 x bachelor units). Each unit is separately metered for hydro which the tenants each pay and a shared coin laundry room. Units all come with their own fridge and stove. This building RARELY has had vacancy. 2 units have been converted to mid-term rental which all furniture are included with the property. Possible to sell other lots beside. (id:39198)
Location
Province
Ontario
City
Ottawa
Address
118 Marier Avenue
Postal Code
K1L5S1
Location Highlights
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Listed by
EXP 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
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
$1,450,000
Asking Price
$1,450,000
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)
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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