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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$749,000
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
Calling all investors! Renovated legal duplex with income potential in the basement. 3 bedroom main floor unit with newly renovated kitchen, ceramic flooring, living room, new 4 pc bathroom and in-suite washer and dryer. The upper level is a 2 bedroom apartment with updated vinyl flooring, kitchen with ceramic tiles and 4 pc bathroom. Each unit separately metered. Each unit comes with one parking spot. Located in an area with high rental demand this will make for a sound investment. Close to all amenities, Tim Hortons Field, Bernie Morelli Recreation Centre, schools, public transit and highway access. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
140 Gage Avenue N
Postal Code
L8L7A2
Location Highlights
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Listed by
EXP 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
1,592
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
$749,000
Asking Price
$749,000
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.
N/A
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)
1,592
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
N/A
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