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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$449,777
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
Attention Real Estate Investors! Don't miss out on this exceptional opportunity to enhance your investment portfolio or secure your first rental property. Located in the heart of Napanee, this duplex offers convenience to all amenities. Key features include: new main furnace installed in 2023 (rented), two hot water tanks replaced in 2023 (both rented), new wall furnace in upper unit in 2020, updated common areas, both units separately metered for hydro and gas, common backyard space, backyard access directly from each unit, front porch and back deck updated in 2021 and versatile potential. Easily convertible back to a single-family home or a home with an in-law suite. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer interested in entering the rental market, this property offers a solid foundation for your real estate goals. Act now and seize this opportunity in the thriving Napanee community. (id:39198)
Location
Province
Ontario
City
Napanee
Address
174 Adelphi Street
Postal Code
K7R1T7
Location Highlights
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Listed by
RE/MAX Finest Realty 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
1,500
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
$449,777
Asking Price
$449,777
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)
1,500
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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