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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,500,000
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
Newly renovated 4-Plex offering a range of modern living spaces. This exceptional property comprises two spacious 2-bedroom units, one cozy 1-bedroom unit, and a bachelor unit. Situated within walking distance of downtown amenities, it presents a prime location with a high demand for rentals. The property is ideally located just 30 minutes away from Bruce Power, making it an attractive option for employees in the area. The 4-Plex has undergone a complete renovation, from the studs up, ensuring a fresh and contemporary feel throughout. The upgrades include a new roof, windows, and spray foam insulation, among other improvements. Each unit has been soundproofed and features its own laundry facilities and a fireplace, enhancing comfort and convenience. Furthermore, the property boasts ample parking space for each resident. Adding to its income potential, the property includes a 12'x25' shed that could be rented out for additional revenue. To facilitate seamless utility management, each unit is equipped with its own hydro meter. With its recent updates, individual unit features, and potential for additional income, this property presents a compelling investment opportunity. Rents for 2024: Apt#1 pays $1,614/Month | Apt#2 pays $1,700/Month | Apt#3 pays $1,537/Month | Apt #4 pays $950/Month. Expenses are: Taxes $2,820/year, Hydro $1,692/Year, Gas $2,520/Year, Insurance $4,704/Year. Landlord pays all utilities. Great turn-key investment property. (id:39198)
Location
Province
Ontario
City
Walkerton
Address
326 Jackson Street
Postal Code
N0G2V0
Location Highlights
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Listed by
EXP REALTY, Brokerage (MIL) 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
2,600
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
$1,500,000
Asking Price
$1,500,000
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)
2,600
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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