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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$399,000
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
Strategically situated near the law school, Lakehead University, and the Regional Hospital, making it an attractive option for tenants seeking proximity to educational and healthcare facilities. This property comprises three fully rented units, with two long term tenants providing a steady income stream. Each unit is equipped with its own hydro meter. Tenants pay for rent and utilities, landlord pays for rental of 3 hot water tanks (located in basement unit) and water. Also comes with designated parking and a fenced in backyard. The basement unit has it's own laundry facilities and a gas fireplace. Info sheet available with list of upgrades and renos. Please note that all showings require a 24-hour notice. Don't miss out on this exceptional investment opportunity in Port Arthur. (id:39198)
Location
Province
Ontario
City
Thunder Bay
Address
181 Secord Street
Postal Code
P7B3E5
Location Highlights
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Listed by
KEYSPLZ REALTY LTD. 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
1,929
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
$399,000
Asking Price
$399,000
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)
1,929
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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