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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,549,000
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
Welcome to an exceptional investment opportunity located at 29 Desjardins St in Garson. This immaculate and well-maintained nine-plex building offers a lucrative chance to expand your portfolio and secure steady rental income with an impressive 7% cap rate. The building boasts a solid rental history and is partially occupied allowing you to set your own rents for increased cash flow. There are six one-bedroom units, two two-bedroom units and one three-bedroom unit all of which are well laid out, updated and large. With a good location near Falconbridge Rd, the Airport, Golf Course, Public Transit, and Shopping, these units are highly desirable for tenants seeking convenience and accessibility. Other features include coin laundry facilities, ample parking with plug ins for each unit and individual unit temperature control.Whether you’re a seasoned investor looking to add to your portfolio or a newcomer seeking a promising venture, this nine Plex building offers endless possibilities for financial growth and success. Don’t miss out on this rare opportunity! (id:39198)
Location
Province
Ontario
City
Garson
Address
29 Desjardins Street
Postal Code
P3L1N8
Location Highlights
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Listed by
SUTTON-BENCHMARK 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
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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
$1,549,000
Asking Price
$1,549,000
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)
0
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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