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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$899,000
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
West End Halifax Primary Location! This lovely duplex presents a fantastic investment opportunity. Welcome to 3498/3500 Rowe Avenue. The main unit, located at civic number 3498, features 4 spacious bedrooms, an extra-large living room, and an open-concept layout, along with multi-level living spaces. The second unit, located at civic number 3500, includes 2 bedrooms and more.The lower unit is currently rented by a tenant who wishes to stay. It is rented for $2,300, which includes heat and water. Each unit has its own electric meter, laundry facilities, a private entrance, and one designated parking space, plus an additional spot for guests. Both units received extensive upgrades in 2013, completed with taste and quality. This duplex is conveniently located near the bridge, shopping areas, bus routes, sports facilities, and much more. Are you the right buyer? You can choose to live in one unit while renting out the other! Come see it for yourself?it's ready for you to move in, so start packing! (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
3500 Rowe Avenue
Postal Code
B3L4C7
Location Highlights
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Listed by
RE/MAX Nova Nova Scotia 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
$899,000
Asking Price
$899,000
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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