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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$449,900
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
Fantastic 4 unit property in the heart of downtown Fredericton. Walking distance to restaurants, pubs, walking trails, arts venues, the Farmers Market, Kings Place, government offices and on the city bus line! This property offers a renovated large main floor unit along with 3 other apartments that rent easily , or could house other family members. Apt 1 is a large 1-BR unit with loads of windows, hardwood floors, and a home office space. The large bright kitchen with tons of storage has newer grey laminate flooring, built-in dishwasher and stackable laundry. Current rent $1350mth(going up to $1500mth effective October) Apts 2 & 3 are on the 2nd floor (Current rent $800mth each) while Apt 4 is at the back with separate entrance and sunporch (Current rent $750mth). All are fully-rented with SNB-approved leases. Leasing info is available. Heated with natural gas. Large unfinished basement offers tons of storage space. Parking for 4 vehicles and circular drive. Great opportunity for investors or to use as a multi family home. All appliances included. (id:39198)
Location
Province
New Brunswick
City
Fredericton
Address
433 George Street
Postal Code
E3B1J8
Location Highlights
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Listed by
Keller Williams Capital Realty New Brunswick 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
0
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
$449,900
Asking Price
$449,900
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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