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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$276,000
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 177-179 Bayside Drive, situated on a busy street these units are very east to rent! This is a prime location in East Saint John, a stones throw away from schools, restaurants, and the bus stop! This duplex offers two large bright units with all new windows, brand new oil tank and is also renovated inside! Currently fully occupied( upper unit tenants move in May 1st! ) come take advantage of this excellent investment opportunity! Rents are 4 bedrm upstairs $1695 and 2 bedrm downstairs $1495 heated and tenant pay own electric. The basement space can be used as a workshop, garage or converted to any rental space, in this high traffic area, the possibilities are endless! Expenses: Heat $6434.17; Electric $1500; Insurance $2400; property Tax $3637.17; Water $2856; Maintenance $2400. Solid cap rate! Come have a look! (id:39198)
Location
Province
New Brunswick
City
Saint John
Address
177-179 Bayside Drive
Postal Code
E2J1A4
Location Highlights
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Listed by
CENTURY 21 ALL SEASONS REALTY New Brunswick 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
$276,000
Asking Price
$276,000
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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