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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,900
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
Introducing two exceptional 4-plex properties in Welland sold separately, boasting good rental income and situated in sought-after locations near amenities and schools. These prime additions to your portfolio offer a total of 8 units combined, each with private entrance featuring a main floor living space, second floor bedroom space, and basement with mechanical and laundry with potential rec-room space. Tenants cover utilities, ensuring good returns. Ample parking enhances convenience. Don't miss this opportunity to capitalize on strong rental demand in a desirable locale. (id:39198)
Location
Province
Ontario
City
Welland
Address
14 Centennial Drive
Postal Code
L3C2M4
Location Highlights
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Listed by
COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE 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
3,780
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
$799,900
Asking Price
$799,900
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)
3,780
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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