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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,350,000
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
On offer is a newly renovated triplex, where each unit is equipped with its own heating, air conditioning, and water heater systems. This design ensures that all utilities are the responsibility of the tenants, simplifying management for the owner. With separate metering, utility billing is direct and hassle-free. The lack of common areas also means lower maintenance. The property has a projected yearly rental income of $79,200.00 and estimated yearly expenses of $4,235.00. Ideal for investors or for someone looking to offset their living costs by renting out the other units. This triplex combines independence for tenants with ease of management for the owner. (id:39198)
Location
Province
Ontario
City
Brantford
Address
241 Darling Street
Postal Code
N3S3X3
Location Highlights
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Listed by
Re/Max Twin City 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
2,950
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
$1,350,000
Asking Price
$1,350,000
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)
2,950
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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