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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,899,000
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
Immaculate Updated Building With Great Tenants And Mortgage. Purchase This Property With A 3% First Mortgage Up To 75% Of Purchase Price Or Seller To Assist In 2nd Mortgage When Buyer Arranges His Own First Mortgage. Mortgages Are Oac. 5 Units Plus Additional Storage Or Office For Owner Or Rental. Gross Rents Of Approximate $114,074.25 All Tenants Pay Their Own Utilities (Heat & Hydro, Landlord Pays Water). Apts Newer As Of 2016. Main Floor Tenant (Spanners) Occupies Main Floor Plus Full Dry Basement. Newer Gas Furnace(2019) And Electrical(2016) Lease In Place. Great Apts All Updated And Feature Common Area Roof Top Deck With View Of Kempenfelt Bay. Main Roof New 2023. Two Apts With View Of The Bay. Income And Expenses Available Upon Request. Re-Development Area With 20-30 Story Buildings. (id:39198)
Location
Province
Ontario
City
Barrie
Address
25 Dunlop St E
Postal Code
L4M1A2
Location Highlights
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Listed by
REALTY EXECUTIVES OF SIMCOE 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
5,338
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
N/A
Financial Information
Yearly Rate
$1,899,000
Asking Price
$1,899,000
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.
N/A
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.
N/A
Premises Size (square feet)
5,338
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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