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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,999,500
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
Multi-Residential Investment Opportunity - 5 cluster townhomes located in South London. Priced competitively as a package. Two of the 5 units are completely renovated along with furnace and air-conditioning. Remaining 3 units have been renovated partially. Four of the five units are currently rented. All are 3 bedrooms with 1.5 baths. They all have the same layout and offer approximately 1,400 sf of living space. Private patio areas at back. Easily rented. Information package is available upon request. (id:39198)
Location
Province
Ontario
City
London
Address
135 Belmont Drive Unit# 19-23
Postal Code
N6J4J3
Location Highlights
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Listed by
A TEAM LONDON 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
1,612
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
$1,999,500
Asking Price
$1,999,500
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)
1,612
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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