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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$499,000
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
This multi-unit brick house and property is located along a prominent commercial corridor, featuring a detached two-bedroom garden home and four one-bedroom units in the main house. Just under half an acre of land with large multi residential development underway just down the road. Up and coming area with new municipal sewers, sidewalks and road completed last year. This property is a viable income option with commercial zoning and the potential for additional development. Excellent investment opportunity for those seeking a multi door unit with great commercial land speculation potential. 48hrs notice required for showings. Estimated annual net income is $29,329. (id:39198)
Location
Province
Ontario
City
Chatham
Address
404 Grand Avenue East
Postal Code
N7L1X1
Location Highlights
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Listed by
ROYAL LEPAGE PEIFER REALTY Brokerage 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
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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
$499,000
Asking Price
$499,000
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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