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Apartment Building For Sale at 136 15 Avenue SE in Calgary, Alberta

4 Sale ID #173366
Updated 02 May 2024

Asking Price

$2,299,900

Cap Rate help 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

This prime 10 suits building is located in the heart of Beltline, just minutes from the downtown core, and steps away from the BMO Centre, Stampede Grounds, the Stampede C-Train Station, and the trendy 17th Avenue. This huge 654 square meter lot is also perfect for a future redevelopment. In the meantime, run this building as a residential rental property to cover expenses. This freestanding building has excellent future potential. Don't miss out on this great investment opportunity! Book your viewing today! (id:39198)

  • MLS® : #A2088030
  • Date Listed : 20 Oct 2023

Location

Province

Alberta

City

Calgary

Address

136 15 Avenue Se

Postal Code

T2G1G2

Location Highlights

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Listed by

MaxWell Capital Realty Alberta listing

Category

apartment-buildings

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

5,330

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help 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

$2,299,900

Asking Price

$2,299,900

Cap Rate help 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.

N/A

NOI help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

5,330

Other Information

Owner willing to Finance

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Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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