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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$399,000
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
Located in the Quinton Heights area of west Saint John , this home plus office space is well suited for professionals needing home and office space. It would also be ideal for affordable home ownership as the rents would pay for most if not all expenses. The office space ( approximately 830 Sq ft ) is currently rented to a long term tenant. The spacious home portion boasts a very nice large eat in kitchen . There is also a room that could be used as a dining room or home office. finishing off the main level there is a large living room and half bath. The 2nd level has a very large master with a 4 piece en suite bath and plenty of closet space. There are another 2 good sized bedrooms , another bathroom and large laundry room on this level. There is a large bachelor apartment in the basement with a long term tenant ( 20 years) There have been many recent renos to the main unit and the roof shingles were replaced in 2021. The Listing salesperson, licensed to sell real estate in the province of New Brunswick, is a shareholder in the company which owns the property. All information and sizes to be confirmed by the buyer prior to close. (id:39198)
Location
Province
New Brunswick
City
Saint John
Address
1283 Manawagonish Road
Postal Code
E2M3X8
Location Highlights
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Listed by
COLDWELL BANKER SELECT REALTY 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
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
$399,000
Asking Price
$399,000
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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