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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,998,000
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
Welcome to this well-maintained Euro built fourplex offering comfort and investment potential. Updates include new furnaces in 2019, laminate floors in 2021, windows in 2015, roof in 2009, hot water tanks in 2019, and plumbing updates in 2021. Exterior enhancements include newer fence and exterior paint, adding to the property's curb appeal. WIth parking space for an RV, accommodating vehicles in a breeze. Enjoy views of the North Shore Mountains and a picturesque backdrop to your every day life. The flexible layout makes it perfect for multi-generation living or as an investment property. Zoned R12, there's potential for development into two duplexes - a promising opportunity for savvy investors. Verify possibilities with City to explore the full potential of this property. (id:39198)
Location
Province
British Columbia
City
Burnaby
Address
3680 Godwin Avenue
Postal Code
V5G3S1
Location Highlights
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Listed by
RE/MAX Crest Realty British Columbia 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
4,952
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
$2,998,000
Asking Price
$2,998,000
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)
4,952
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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