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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$279,900
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
What a great opportunity to own an investment property in the ever popular Historic Bonavista, NL. Built in 1947 this building was originally a school. It now houses 4 apartments, 2 Two bedroom, and 2 One bedroom units. Many upgrades have been done in recent years. Each unit is on it's own 100 Amp electrical panel. All units are spacious and tastefully decorated. This building is always rented to full capacity. Most of the 4 tenants are very long term residents of the building with one being there better than 30 years. Building has an attached storage unit measuring nearly 400 sq ft. Bonavista is quickly becoming a sought after location. Rent all 4 units or live in one and let the others pay the mortgage. Don't let this opportunity slip away! Call today to view. (id:39198)
Location
Province
Newfoundland & Labrador
City
Bonavista
Address
13 Brown's Hill
Postal Code
A0C1B0
Location Highlights
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Listed by
EXIT Realty ShoreLine Newfoundland & Labrador 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
2,196
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
$279,900
Asking Price
$279,900
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)
2,196
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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