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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$449,500
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! Welcome to 24-26 Washington St. This pristine side-by-side duplex is strategically situated in close proximity to Université de Moncton, medical facilities, dining options, and all essential conveniences. Unit #24 has been completely revitalized, showcasing luxurious hardwood flooring in the living room and a revamped eat-in kitchen adorned with contemporary cabinetry, countertops, tile backsplash, and fixtures. The kitchen seamlessly connects to a side deck, perfect for outdoor relaxation. The upper level hosts three bedrooms, all with laminate flooring, and a fully modernized bathroom boasting a vanity, tiled shower, toilet, and fixtures. The basement, partially finished, provides a snug family room with laminate flooring and abundant storage. Unit #26 replicates the layout of its counterpart and has been maintained by its long-standing tenant. The basement features a versatile family room, alongside a dedicated laundry area. This outstanding property presents an exceptional opportunity for your investment portfolio. (id:39198)
Location
Province
New Brunswick
City
Moncton
Address
24-26 Washington St
Postal Code
E1A3Z4
Location Highlights
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Listed by
Bestway Real Estate Ltd. New Brunswick 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
2,108
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
$449,500
Asking Price
$449,500
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)
2,108
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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