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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$749,900
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
ATTENTION INVESTORS ! NEW IMPROVED PRICE ! Nicely updated 4 plex in Wingham. All 4 units will be vacant on closing so you can qualify your own tenants and set your own rates. These apartments range in size from 575 - 700 sq.ft., 3 of the 4 units have been freshly painted, have new flooring, tile and fixtures. Roof is approximately 10 years old, all windows have been replaced and there are separate meters for each unit. New common laundry has just been finished and is ready for machines. This building is clean and solid with each unit offering 2 bedrooms and full 4 pc. bath along with large yard for tenants to enjoy or add additional parking. Close to downtown amenities and the rail trail system. Don't wait, this one may not last long. (id:39198)
Location
Province
Ontario
City
Wingham
Address
36 Alfred Street W
Postal Code
N0G2W0
Location Highlights
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Listed by
RE/MAX Land Exchange Ltd Brokerage (Goderich) 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
$749,900
Asking Price
$749,900
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
N/A
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