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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$788,500
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
CAN BE FINANCED FOR ONLY 10% DOWN - You can live in and manage your own real estate portfolio. Immediate Possession is now being offered in the upper 2 bedroom unit which was recently painted and LVF installed in kitchen and bath. This is a legal 4 PLEX with a view of the Trent Severn Canal and each side of the building has a 2 bedroom upper and a 2 bedroom lower unit. Opportunity for future upside potential in rents and equity. This is a great place to live while you build equity and pay down the mortgage with rental income. Newer building with low maintenance and minimal management time. Income and Expense information is available. Get into homeownership and investment property at the same time. Great buy and hold property. (id:39198)
Location
Province
Ontario
City
Quinte West
Address
312 Riverside Pkwy
Postal Code
K0K2C0
Location Highlights
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Listed by
EKORT REALTY LTD. 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
3,886
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
$788,500
Asking Price
$788,500
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)
3,886
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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