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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,999,888
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
Welcome to 9935-9937 138 st. A large 10 bdrm 6 bth fourplex offering 4 rental units: Each side offering a 3 bedroom 2 bath suite on the top floor and a 2 bdrm 1 full bath suite below. This home had a fire and the owner is exploring the potential of renovating the home to get it rented. Totaling over 4000 sqr ft of living space while sitting on a 10,100 sqr ft corner square lot. This lot has a large 85 foot frontage and 118 depth. This desirable corner lot is integral in the land assembly of the nearby properties that will offer multi-family or hi-rise development opportunities. With Concord Pacific having built several high-rises just behind this property 5-7 MIN WALK AWAY! The right builder can buy this property, renovate it to realize the rental income of 4 rental units and then build a high-rise in the future. CALL FOR INFO! (id:39198)
Location
Province
British Columbia
City
Surrey
Address
138
Postal Code
V3T5E3
Location Highlights
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Listed by
Century 21 AAA Realty Inc. British Columbia 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
4,300
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
$4,999,888
Asking Price
$4,999,888
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)
4,300
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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