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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$360,000
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
Exceptional Investment Opportunity: This duplex with an InLaw Suite presents a versatile income stream, featuring a 3-bedroom unit, a 2-bedroom unit, and a 1-bedroom unit, yielding a current cap rate of 7.8% at the listed price. Recent comprehensive improvements enhance the property's value, including the replacement of the septic delivery pipe in the basement. The basement apartment has been meticulously upgraded with new floors, kitchen, and bathroom, elevating its desirability for tenants. This well maintained building enjoys a seamless rental history, underscored by its consistent occupancy. Numerous updates over the past few years contribute to the property's appeal and operational efficiency. Showings require a 24-hour notice due to the property's fully occupied status. Seize this opportunity to secure a sound investment with proven returns. Act promptly to capitalize on this lucrative venture. (id:39198)
Location
Province
Ontario
City
Apple Hill
Address
18826 County Rd 43 Road
Postal Code
K0C1B0
Location Highlights
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Listed by
AVENUE NORTH REALTY INC. 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
$360,000
Asking Price
$360,000
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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