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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$779,900
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
Discover a prime investment opportunity in the highly sought-after Red Hill and King's Forest neighbourhood of Hamilton, Ontario! This recently converted and legally registered duplex offers two beautifully renovated units, both currently tenanted by A++ occupants. Enjoy nearly $4,200 in monthly revenue, making this an ideal choice for investors. Alternatively, live in one unit and rent out the other for steady income. Looking to maximize your ROI? The expansive 50'x100' lot and detached garage present endless possibilities for additional revenue streams. Consider building a garden suite or renting out the garage for extra income. Don't miss out on this exceptional opportunity! (id:39198)
Location
Province
Ontario
City
Hamilton
Address
269 Montmorency Drive
Postal Code
L8K5H3
Location Highlights
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Listed by
Rock Star Real Estate Inc., Brokerage 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
1,877
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
$779,900
Asking Price
$779,900
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)
1,877
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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