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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$549,900
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
5 separate units with 5 gas meters (two gas meters unused) and five hydro meters. Tenants pay hydro and (gas where applicable). land lord pays water. Building is in good repair with some updating needed here and there. Solid dry roofs. Extra large lot with garage that could also be rented out for storage. This property is extra convenient in its location right in the the beautiful historic town of Amherstburg. Taking offers as they come. All fridge and stoves will convey. Ample parking on site. Don't miss your opportunity to get into the rental business for a fantastic price per door. Very good land value here because of the possible future uses, size and location. (id:39198)
Location
Province
Ontario
City
Amherstburg
Address
167 Murray
Postal Code
N9V1J4
Location Highlights
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Listed by
JUMP REALTY INC. 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
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
$549,900
Asking Price
$549,900
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)
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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