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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,495,000
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
7+ Units at a 7.5%Cap! Turnkey, Solid Mixed-use Residential & Commercial Building; Fully Tenanted in Trendy Walkerville. 5 RES,2 COMM+Bonus Storage Unit for Extra Income. Res are a mix of 1,2&3 beds-all beautifully renovated w/newer kitchens, quartz counters, stainless steel appliances, baths, paint & flooring. Spaces are bright & welcoming-a pleasure to show. Massive common patio area for tenants to enjoy the outdoors. Commercial Tenants benefit from high traffic location w/excellent street exposure & curb appeal. Large storefront windows allow for generous natural light. 1 commercial unit is 1700sf & equipped with alley access, garage door, loading area, retail space & 4-piece bath. Updated Roof(1 year); Boiler updated in 2020 by previous owner; 3 dedicated on-site parking spots; 8 hydro meters; Skylights; Newer exterior stairs & railing. This property has it all; a perfect addition to your portfolio. Financial Info avail on request. Pay-Per-Use Laundry for extra income! LTA Applies. (id:39198)
Location
Province
Ontario
City
Windsor
Address
1332 Wyandotte Street East
Postal Code
N9A3K7
Location Highlights
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Listed by
JUMP REALTY INC. 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
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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
$1,495,000
Asking Price
$1,495,000
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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