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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$379,900
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
Don’t miss this investment opportunity in the desirable Crestwood area. This well appointed side-by-side bi-level duplex offers 3 bedrooms and 2 full bathrooms in each unit, providing ample space for tenants or families. Layout offers 880 Sqft in each side. The property features spacious kitchens and generously sized living rooms, complemented by sizable family rooms on the lower level—ideal for both entertaining and everyday living. Each unit includes updated high efficient furnaces and updated membrane roofs on the carports. The long concrete driveways & carports ensure covered and efficient parking for residents and their guests. Large 60x170 corner lot offers yard space for occupants! Great location that is close to schools, restaurants & shopping amenities, enhancing its appeal as a rental property. Seize this opportunity to invest in a prime location with strong rental potential. Unit 2885 is available for viewing as it is vacant. Unit 2883 is tenant occupied, generating a rental income of $1,300 per month on a month-to-month lease. (id:39198)
Location
Province
Alberta
City
Medicine Hat
Address
2883 22 Avenue Se
Postal Code
T1B1B8
Location Highlights
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Listed by
ROYAL LEPAGE COMMUNITY REALTY 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
1,760
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
$379,900
Asking Price
$379,900
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)
1,760
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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