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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$339,000
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
Here it is, a centrally located three unit building. Situated close to walking trails, public transit, parks, a splash pad for hot summer days, locally owned restaurants and shops and so much more. This is the ideal location for those looking for the first or next income building. Public transit and essential amenities are just steps away, enhancing the property's allure. There are two 2 bedroom units a one 1 bedroom unit. The top level unit has it's own hydro meter, and the main level and lower levels share the same hydro meter. The 2 bedroom main floor unit will be vacant the middle of May 2024. If you are looking to add to your portfolio or step into the income property game this opportunity is waiting for you. Do not let it slip through your fingers. Schedule your private tour today. The Listing Brokerage reserves the right to withhold a referral fee of 75% of the Cooperating Brokerage commission if the Listing Brokerage introduces the Buyer or their affiliates to the property through private showing. (id:39198)
Location
Province
Ontario
City
Sudbury
Address
332 Dupont Street
Postal Code
P3C2T6
Location Highlights
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Listed by
REAL BROKER ONTARIO LTD, BROKERAGE 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
0
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
$339,000
Asking Price
$339,000
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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