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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$740,000
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
Smart Investors take notice. Seller is offering a $10,000 decorating allowance on Closing. This is the perfect building to add to your portfolio OR to begin your new investment portfolio. Building was re-zoned to Residential Mixed (R3-791) in 2007 to recognize the existing tri-plex on the property. Unit 1-the 1BR on new one year lease. Rental of $1150 p/m. Unit 2- the 2BR is renting out at $1281 p/m and Unit 3–2BR is renting out at $1332 p/m. All tenants since 2022. Tenants pay Electricity. Also, please note.. The double garage is not currently being used and so can be available for extra cash income. Coin laundry on site for additional cash income. The LOCATION of this building is a draw for those working in the downtown and tourism industry. Across from the Great Wolf Lodge and park, 7 min drive for Tourism and Casino workers. 10 min drive to Rainbow bridge. Close to highways for those traveling. Please reach out for full financials. Seller is a licensed REALTOR ®. (id:39198)
Location
Province
Ontario
City
Niagara Falls
Address
4077 Hickson Avenue
Postal Code
L2E3K1
Location Highlights
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Listed by
RE/MAX GARDEN CITY REALTY INC, 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
1,664
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
$740,000
Asking Price
$740,000
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)
1,664
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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