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Apartment Building For Sale at 36 20th STREET W in Prince Albert, Saskatchewan

4 Sale ID #158080
Updated 05 May 2024

Asking Price

$1,150,000

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

Prince Albert Saskatchewan,12-Unit Apartment Building. Discover your investment opportunity in this remarkably well maintained 12-unit apartment building. With a live-in caretaker and a welcoming, homey atmosphere, this property offers both a comfortable living experience for tenants and an attractive investment prospect for you. Key Features: Well-maintained property with a dedicated live-in caretaker Homey atmosphere that tenants love. Low vacancy rate, ensuring consistent rental income. Numerous upgrades for added value and tenant satisfaction. Community garden for a green and communal space. Easy access to transit options and shopping. Serenely nestled in a quiet, residential neighborhood Whether you're an experienced investor looking for a property with a solid track record or a newcomer seeking a promising venture, this 12-unit apartment building is an opportunity you won't want to miss. Contact your real estate agent to schedule a viewing and explore the potential of this exceptional property. (id:39198)

  • MLS® : #SK944976
  • Date Listed : 13 Sep 2023

Location

Province

Saskatchewan

City

Prince Albert

Address

36 20th Street W

Postal Code

S6V4E8

Location Highlights

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Listed by

Century 21 Fusion Saskatchewan 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

$1,150,000

Asking Price

$1,150,000

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

N/A

Market Competition

N/A


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