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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$749,000
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
A multi-generational property purposefully built for everyone including your home based business. Sitting adjacent to Ritchie Lake in a quiet & peaceful Quispamsis neighbourhood awaits this unique & flexible 1/2 acre property. Not often do you come across a ""all in one"" property for families of all types that still provide privacy and space for all. The original 4 level split is extensively renovated and modernized on all levels. 3 bright large bedrooms on the upper level and the primary features its own custom tiled ensuite bath... sure to delight. Main floor will be the place to share stories and socialize with a large and modern kitchen featuring quartz counters and large island. When you are ready to relax step into the new sunroom and curl up next to the fireplace enjoying the sun from the skylights and windows. Lower level features another large bedroom, family room and an additional full bath. Small business owners rejoice, this property can accommodate a salon, small, office or other types of service based business. Above the extra-large garage, a brand new 2.5 bedroom, 2 bath apartment with excellent rental potential. This suite has a separate entrance and offers all the amenities including laundry facilities. The garage is truly incredible with ceilings tall enough for all vehicles and in the back a fully equipped gym to keep everyone in shape! Large decks overlook the beautiful landscaping and the front deck offers views of Ritchie Lake. Many opportunities! (id:39198)
Location
Province
New Brunswick
City
Quispamsis
Address
12 Ruth Avenue
Postal Code
E2E4P3
Location Highlights
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Listed by
RE/MAX PROFESSIONALS New Brunswick 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
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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
$749,000
Asking Price
$749,000
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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