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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,658,000
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
RARE FIND! Exceptional cash flow with around $8,000 in gross monthly rent. Spacious 3,576 sq ft side-by-side duplex style building in desirable Brookswood on a generous 10,962 sq ft lot. Each unit features 3 bedrooms, 1 bathroom, and a kitchen on the upper level, plus 1 bedroom & 1 bathroom & a kitchen suite on the lower level.In suit laundry. One side is fully tenanted; the other has the upper level rented and the lower level occupied by the seller's parents. Excellent tenants would love to stay. Enjoy a huge fenced yard, abundant parking, and extensive updates in 2021 and 2024, including newer roof, windows, blinds, flooring, appliances, and fresh interior and exterior paint. (id:39198)
Location
Province
British Columbia
City
Langley
Address
39a
Postal Code
V3A4Z3
Location Highlights
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Listed by
Sutton Group-West Coast Realty (Surrey/24) 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
3,576
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
$1,658,000
Asking Price
$1,658,000
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)
3,576
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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