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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,690,000
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
Great opportunity to own a Multi-Family investment property. There are 16 total units in this building, and 14 of them are available as a package in this sale. Units 2,3,5,6,7,8,9,10,11,12,13,14,15,16. Monthly rent is currently $17,965. These units have been meticulously cared for over the years. Units all upgraded from 2011-2014. Including new windows, doors, fixtures, cabinets, carpets, water tanks, and furnaces. Units all come with Fridge, stove, dishwasher, hood-fan, and washer/dryer. Units are setup as a condo corp. There is great parking, with energized spots. There is also a lot of street parking available. This is a nice solid investment property. (14 units pay $2,520/month condo fees. (id:39198)
Location
Province
Alberta
City
Lethbridge
Address
244 Mayor Magrath Drive N
Postal Code
T1H3P8
Location Highlights
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Listed by
Lethbridge Real Estate.com 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
8,480
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
$2,690,000
Asking Price
$2,690,000
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)
8,480
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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