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Apartment Building For Sale at 168 ALMA ST in Guelph/eramosa, Ontario

New
4 Sale ID #233191
Updated 05 May 2024

Asking Price

$2,500,000

Cap Rate help 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

New (2023) 2 Storey Fourplex In Downtown Rockwood. Great Cap Rate. Four 3 Bedrooms Units, 1.5 Baths each, 9 Ft. Ceilings, Pot Lights. Individual: Laundry, Gas, Hydro & Water Meters, Private Balconies& Parking Spaces, Custom Kitchens With Quartz Countertops, White Shaker Kit. Cabinets & More. Each Unit Is Appx. 1250 Sq. Ft., Zoning Is Commercial/Multi Residential. 10 Minutes Drive To Guelph University, Go Bus Stop Directly In Front Of The Building & Walking Distance To Buses, Shopping, Parks. All 4 Units are occupied At a monthly rental of $2,850.00 + Utilities. 90% Finished Lower Level 5th Unit (2 Bed. 1 Bath, Kitchen & Laundry) + Rec. Rm. w/Potential 6th unit . Full set of SS Appliances for each unit. Individual central Heat/AC each unit. Description above is for each unit,2 units on main floor & 2 units on 2nd floor. Potential 5th & 6th unit in basement, allowed for within the zoning, see attached floor plan. A Great Investment Opportunity. **** EXTRAS **** Lower Level is conf. for a Rec. Rm. or a potential 5th & 6th unit, 9 Ft. Ceiling : 2 Bdr. 1 Bath, Kit. & Laundry Rm. & large egress windows: 3 in Living area + 1 in each bedroom. Lower level showings; other units only with accepted offer. (id:39198)

  • MLS® : #X8293282
  • Date Listed : 01 May 2024

Location

Province

Ontario

City

Guelph/eramosa

Address

168 Alma St

Postal Code

N0B2K0

Location Highlights

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Listed by

ROYAL LEPAGE SIGNATURE REALTY Ontario listing

Category

apartment-buildings

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help 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

$2,500,000

Asking Price

$2,500,000

Cap Rate help 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 help 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 help 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 help 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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