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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$639,900
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
This property is only listed at $116/sqft! Unreal value per squarefoot! A VTB can be offered. Unique investment property to add to your portfolio! This 12 bed rooming house PLUS 2 bedroom apartment are cash flowing and have proven income sustainability for the last 2 years. Quality built, safe, and quiet building is currently being professionally managed. Wheel chair accessible, with built-in alarm and sprinkler system (with water reserve, large balcony built in the back along with wheelchair ramp in the front. 2 bedroom separate unit that could host a live-in super/owner, and 12 bedrooms, with 4 of them having their own 2 piece bathrooms, 1 common 3 piece bathroom, 1 mens only bathroom, 1 womens only bathroom, and another common shower + sink. Lots of space, open and wide hallways. This is a unique property, clean, and well designed. The Garage is also being rented for extra income. Please reach out for the financials ! We know you'll be excited about this one! (id:39198)
Location
Province
New Brunswick
City
Steeves Mountain
Address
46762 Homestead Rd
Postal Code
E1G4N9
Location Highlights
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Listed by
EXP 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
6,270
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
$639,900
Asking Price
$639,900
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)
6,270
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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