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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$599,900
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
Calling all investors! This unique property is both a 4 unit apartment building AND a 8 lot mobile park located in the charming village of Watt Section, close to all amenities in nearby Sheet Harbour. Numerous recent upgrades in the building include: new roof, 2 fully renovated units, new washers and dryers, new electric baseboard heaters, new hot water heaters, electrical upgrades and heat pumps in all 4 units. Additionally, there's potential for a fifth unit in the lower level of the building. Revenue streams from both the apartment rentals and mobile-home lot fees will certainly make this a profitable venture for years to come. Contact REALTOR® for more information. (id:39198)
Location
Province
Nova Scotia
City
Watt Section
Address
2 Smith Lane
Postal Code
B0J3B0
Location Highlights
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Listed by
Century 21 Trident Realty Ltd. Nova Scotia 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
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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
$599,900
Asking Price
$599,900
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)
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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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