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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$719,900
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
Turn Key legal duplex with 3rd unit. All units offer 1 bedroom, 4pc bathroom, Living room & Kitchen. Fully renovated in 2018/2019. Each unit reno’d with laminate & porcelain tile floors, quartz counters, subway tile backsplash, stainless appliances, pot lights, new bathrooms, doors, baseboards, & trim. Majority of the home re-drywalled, all new wiring with 200 amp panel, plumbing, furnace, roof, water heater, & windows replaced. Incoming water line upgraded to 1inch, spray foam insulation added to 3rd floor. Shared coin laundry in foyer. Side entrance to basement offers 4th unit potential. No photos of 3rd Unit. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
22 Lottridge Street
Postal Code
L8L6T5
Location Highlights
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Listed by
RE/MAX Escarpment 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
1,801
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
$719,900
Asking Price
$719,900
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)
1,801
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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Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
