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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$599,995
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 duplex is perfect for investors looking to capitalize on the growing rental market in Teeswater. The modern design and spacious layout of each unit make it highly desirable for tenants. The open concept kitchen, living room, and dining room provide a seamless flow of space, ideal for entertaining guests or enjoying quality time with family. The private deck offers a serene outdoor retreat, perfect for relaxing after a long day. Located in a convenient location, this duplex is within walking distance to various dining options, ensuring residents have easy access to delicious meals. The nearby post office and arena add to the convenience, making everyday tasks hassle-free. Investing in this newer duplex in Teeswater not only guarantees a steady rental income but also promises long-term appreciation. Teeswater is a thriving community with a growing population, making it an ideal location for real estate investments. Don't miss out on this incredible investment opportunity. Contact your REALTOR® today to schedule a viewing and secure your future in the booming real estate market of Teeswater. (id:39198)
Location
Province
Ontario
City
Teeswater
Address
41 Clinton Street S
Postal Code
N0G2S0
Location Highlights
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Listed by
RE/MAX Land Exchange Ltd Brokerage (Wingham) 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
2,400
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
$599,995
Asking Price
$599,995
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)
2,400
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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