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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$75,900
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
Great investment opportunity in the quaint town of Rainy River! Income potential with the possibility of affordable living awaits with this 2 unit duplex in a convenient location; quiet location within walking distance to all of the amenities of downtown Rainy River. Live in one and rent the other for extra income, or rent both for maximum ROI. The main-level unit features 1 bedroom with built-in storage cabinets, open-concept kitchen/living/dining area, freshly updated bathroom with on-demand hot water and in-suite laundry. Many fresh updates throughout every room! The second floor apartment touts separate entry with two bedrooms, one with stacked washer & dryer that your tenants will be sure to appreciate. Many additional updates throughout. Outside, you'll appreciate the newer vinyl siding with 1-1/2 inch foam insulation beneath installed over the entire exterior of the home. Sizeable yard space, covered porch area and ample parking with convenient storage shed for you or your renters to enjoy. Regardless of whether you are looking for an affordable accommodation for yourself or to enter the rental market, here is a great opportunity you won't want to miss! (id:39198)
Location
Province
Ontario
City
Rainy River
Address
220 Second St
Postal Code
P0W1L0
Location Highlights
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Listed by
CENTURY 21 NORTHERN CHOICE 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
1,302
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
$75,900
Asking Price
$75,900
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)
1,302
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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