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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$560,000
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
INVESTMENT OPPORTUNITY ! This well maintained , fully rented, FOURPLEX is ready for its next owner. Great location in a mature neighbourhood close to schools, a variety of shopping, dining, and professional services; and just around the corner from an extensive natural area with awesome city views. All four units have had numerous interior updates over the years, including flooring, bathrooms, cabinetry, fixtures, water heaters, and paint. Each unit comes with fridge, stove , dishwasher , washer, dryer, and window/floor A/C units. Each unit has a separate entry, as well as sliding glass doors to access a private balcony. There are concrete driveways and sidewalks for each unit. All units are separately metered for utilities (tenants pay utilities). There is a newly fenced and landscaped yard designed for low maintenance (w. U/G sprinklers) for common property use. Owner pays for yard water (also separately metered). Lawn and snow removal services are done on contract. Other exterior updates include new shingles, re-built decks on one side ( due to a traffic incident ), eavestroughs, and the stucco exterior has been freshly painted as well. This property is the full package! Zero vacancy ( other than renovation times ) for the 40 years the current owners have had it. Opportunity awaits the new owner of this excellent revenue property! (id:39198)
Location
Province
Alberta
City
Medicine Hat
Address
1786 16 Street Se
Postal Code
T1A7J7
Location Highlights
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Listed by
RE/MAX MEDALTA REAL ESTATE Alberta 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
1,833
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
$560,000
Asking Price
$560,000
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)
1,833
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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