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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$699,000
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
Welcome to an investment opportunity located at the corner of McNaughton Ave W and Sandys Street. This purpose built fourplex boasts 4 3-bedroom units, each with 1.5 baths. Conveniently situated on a bus route and in close proximity to shopping amenities, this property offers exceptional convenience for tenants. Each unit is individually metered for gas, hydro, and water, ensuring efficient utility management. Currently rented at $1032.28, $829.79, $1078.48, and $829.58, all plus utilities, with the exception of one unit where the landlord covers Entegrus . Additionally, one hot water heater is owned, while three are rented. Don't miss out on and call today to schedule a viewing. 24 Hour notice request for all showings. (id:39198)
Location
Province
Ontario
City
Chatham
Address
175 Mcnaughton Avenue West
Postal Code
N7L1R2
Location Highlights
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Listed by
ROYAL LEPAGE PEIFER REALTY 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
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
$699,000
Asking Price
$699,000
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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