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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$849,900
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
Front To Back Duplex In Highly Sought After Neighborhood Of Southcrest. Unit A Is A Full 1932 Sq/Ft Whole House Raised Bungalow Featuring 3 + 1 Bedrooms, 2 Full Baths, A Large Kitchen, And Living Area. Unit B, Built In 2018, Is An 882 Sq/Ft Unit With 2 Gorgeous Kitchens And A Living Room With Vaulted Ceilings, 2 Large Bedrooms, A Bath, Own Laundry, And A Separate Backyard. Rental Income Of $53,338.56 Per Year With AAA Tenants. Each Unit Has Its Own Laundry And Separate Backyards. These Are Turn-Key Homes Or Investment Properties. Don't Miss This Opportunity To Own A Property In A Quiet Family Community With Fantastic Schools, Close To Shopping And Downtown. You Will Want To See This For Yourself. (id:39198)
Location
Province
Ontario
City
London
Address
452 Ridgewood Crescent
Postal Code
N6J3H5
Location Highlights
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Listed by
Rock Star Real Estate 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
2,964
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
N/A
Financial Information
Yearly Rate
$849,900
Asking Price
$849,900
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.
N/A
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)
2,964
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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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
