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Apartment Building For Sale at 424 YVES STREET UNIT#ABCD in Rockland, Ontario

4 Sale ID #187034
Updated 28 Apr 2024

Asking Price

$885,000

Cap Rate help 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

A beautifully located 4-unit building built in 2008, is situated on a quiet street in Rockland just minutes from the Golf course with quick access to Hwy 174, for an easy commute to the city, near schools, and CIHA complex. Openconcept designs with corner gas fireplaces in living rooms. Kitchens have lots of cabinets and counter space. Large bathrooms. Very large and bright windows. Spacious master bedrooms. Lots of parking. In each unit, the Tenants pay for heat, hydro, and water. (id:39198)

  • MLS® : #1371733
  • Date Listed : 13 Dec 2023

Location

Province

Ontario

City

Rockland

Address

424 Yves Street Unit#abcd

Postal Code

K4K0A8

Location Highlights

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Listed by

ROYAL LEPAGE TEAM REALTY Ontario listing

Category

apartment-buildings

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help 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

$885,000

Asking Price

$885,000

Cap Rate help 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.

N/A

NOI help 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 help 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 help 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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