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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$285,000
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
We are happy to offer you this Triplex during a strong rental market! TURN KEY INVESTMENT; FULLY RENTED! Great income! Loads of possibility for improvements to its already tidy income. The current owner has done some structural repairs since purchasing and is only selling due to the distance he lives from the property. Unlock the potential of your investment portfolio with this versatile triplex! The building has been maintained over the years, with recent updates to the electrical systems. Generate a steady stream of rental income with tenants already in place, and the potential for even more income with the third unit now having been refreshed and rented. The property is located in a desirable neighborhood, with easy access to shopping and local amenities. ** Most financial information is actual, Insurance, other are estimated ** Imagine the possibilities as you take ownership of this solid investment opportunity, with the potential for appreciation and a strong return on investment. Don't miss out on this chance to secure your financial future, schedule a viewing today!. BID COUNT: 0 ~ PROPERTY AUCTION; 6:00 pm 22nd May 2024 END of BIDDING DATE; Reserve bid, soft close auction. SUGGESTED STARTING BID: $285,000.00 Property is being sold AS IS WHERE IS. This is an auction posted on MLS® as a mere posting. All Agreements of Purchase and Sale are to be submitted as CASH on closing; no conditional offers will be entertained. Irrevocable should be 1 day after the auction close. 15% DEPOSIT, including a 10% + HST BUYERS PREMIUM is to be added to any cash bid; acknowledged in the Schedule A of the APS. You may bid by contacting your Real Estate Broker who will be paid commission on completion by the Auctioneer. (id:39198)
Location
Province
Ontario
City
Wiarton
Address
368 Frank Street
Postal Code
N0H2T0
Location Highlights
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Listed by
ATLAS WORLD REAL ESTATE CORPORATION Brokerage (Lions Head) 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
2,412
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
$285,000
Asking Price
$285,000
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)
2,412
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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