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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$499,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Step into a wonderful opportunity with this charming income property that boasts a welcoming side-by-side duplex layout. The first unit, 1354, is currently leased on a flexible month-to-month basis at 1500$ per month, all-inclusive with hydro. Inside, you'll discover a generously sized layout with an inviting open kitchen and dining area. This unit also grants access to a single-car garage and a remarkably spacious covered storage area. Meanwhile, the second unit, 1358, is rented at 1200$/month. It features elegant hardwood flooring throughout the main living space, complemented by a large picturesque window that fills the space with natural light. The kitchen conveniently connects to a charming patio door that opens up to a sundeck, perfect for relaxation. With two bedrooms, a bathroom, and an additional living space in the basement, this unit offers ample living options. As per form 244 24hrs irrev. on all offers and 24hrs notice on all showings. (id:39198)
Location
Province
Ontario
City
Rockland
Address
1354-1358 Du Parc Avenue
Postal Code
K4K1C3
Location Highlights
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Listed by
RE/MAX DELTA REALTY 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
$499,900
Asking Price
$499,900
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)
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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