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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$749,000
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
Make this 5 unit building a profitable part of your portfolio. This property is conveniently located close to a major city bus depot, within walking distance of waterfront parks and attractions and both the University of Windsor and St Clair College's downtown campuses. Current gross rents are at approximately 80% of potential giving this property the room for additional cashflow and growth. Multiple gas and hydro meters add additional income growth potential on these two bedroom turnkey units. Call today for more information! (id:39198)
Location
Province
Ontario
City
Windsor
Address
362-366 Bruce
Postal Code
N9A4W5
Location Highlights
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Listed by
KELLER WILLIAMS LIFESTYLES REALTY 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
$749,000
Asking Price
$749,000
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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