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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,500,000
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
Nestled in the picturesque coastal Town of Inverness, this meticulously maintained six-unit apartment building stands as a testament to quality living and investment opportunity. This property proudly features a mix of two one-bedroom units and four two-bedroom units, all of which are fully rented, demonstrating its desirability and steady demand. The building's amenities includes a spacious laundry area, a feature that adds convenience for all residents. Situated in a prime area of Inverness, the building enjoys proximity to the charming amenities and conveniences the Town has to offer. The serene coastal ambiance and the vibrant local community make it a high sought-after location for prospective tenants, ensuring sustained occupancy and rental income. Each unit in this building is designed to offer comfort and functionality. The one-bedroom units are cozy and well-suited for singles or couples, while the two-bedroom units are spacious, catering to small families or groups. All units are well maintained ensuring the comfort and satisfaction of every tenant. With all units fully rented, the owner can anticipate a consistent and stable income. This can be especially lucrative in a popular area like Inverness. As well, this multi-unit building can foster a sense of community among residents, enhancing the overall living experience. If you are looking to buy and invest in such a property, contact your agent today to arrange a viewing, you will not be disappointed! (id:39198)
Location
Province
Nova Scotia
City
Inverness
Address
15770 Central Avenue
Postal Code
B0E1N0
Location Highlights
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Listed by
Cape Breton Realty (Port Hawkesbury) Nova Scotia 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
0
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
$1,500,000
Asking Price
$1,500,000
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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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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