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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$589,900
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
ATTENTION INVESTORS! Several up/down duplexes available with tenants already in place. Complete with blinds, all appliances, fence & landscaping! Up/Down duplex living is made easy in this beautifully finished, fully developed duplex home with attached garage - located in Kensington Living! A spacious front entry leads to the open concept kitchen, dining and living room. Enjoy the feature dining wall detail and large dining space, cozy living area, and island kitchen with eating bar and pantry, pendant and pot lighting, and garden door to the back deck & yard . The primary bedroom has lovely feature wall detail, walk in closet, and ensuite with custom tile & glass shower. Two more bedrooms and full bathroom on the main floor, and there is a spacious laundry room and storage area just off the front entry. Attached garage for the main floor suite is 15'4"x26'6". The basement suite is fully developed with 2 large bedrooms, a full bathroom, family room, and great kitchen and dining space. The attached garage for the lower suite is 11'2"x26'6". You will love the thoughtful and upgraded finishings throughout - vinyl plank flooring, beautiful 'designer colour' soft close cabinets, quartz counters, tile backsplash, modern lighting and creative accents. Kensington Living is a friendly community where you will find neighbourhood events and community managed & maintained amenities. HOA fee of $225/mo includes water, local road snow clearing, park/playground/walking trails maintenance, and soon to be added pickle ball/sport courts! Costco, Airport, Hospital, restaurants, shopping, gas stations, banking, etc are all just minutes away. Experience Kensington Living for yourself - West on 84 Avenue through 116 Street - follow the signs to a great investment! (id:39198)
Location
Province
Alberta
City
Grande Prairie
Address
221 11850 84 Avenue
Postal Code
T8W0M4
Location Highlights
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Listed by
RE/MAX Grande Prairie Alberta 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
1,272
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
$589,900
Asking Price
$589,900
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)
1,272
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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