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Apartment Building For Sale at 323 South Foord Street in Stellarton, Nova Scotia

4 Sale ID #56381
Updated 28 Apr 2024

Asking Price

$89,900

Cap Rate help 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

This property has great income potential with 3 legal units. Internal demo has been completed, as well as plumbing by a qualified plumber, and the electrical has been partially completed by a certified electrician (3 meters), and just needs to be completed! Just come and take a look, it might be the project you've been looking for. Great location walking distance to shopping, church, park, restaurants, drug store and much more! Property is being sold as is, where is. (id:39198)

  • MLS® : #202212229
  • Date Listed : 30 May 2022

Location

Province

Nova Scotia

City

Stellarton

Address

323 South Foord Street

Postal Code

B0K1S0

Location Highlights

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Listed by

Results Realty Atlantic Inc. Nova Scotia listing

Category

apartment-buildings

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help 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

$89,900

Asking Price

$89,900

Cap Rate help 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 help 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 help 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 help 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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