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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,299,900
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
INVESTOR ALERT! Purpose built 6 unit building right in the heart of growing Long Sault. With big, bright, spacious units, in suite laundry, plenty of parking, and a location that can't be beat. The units are all self contained with laundry hook ups, electrical panel and their own gas furnace and ac. All units have granite countertops in the kitchens, vaulted ceilings in the upper units and a storage room for supplies in the basement. Only steps to shopping, the Long Sault Parkway, close to the St Lawrence river, and minutes to the city of Cornwall. This is a stable and solid investment in an up and coming area with tons of growth potential and upside. Assumable mortgage at 1.99% available for qualified buyers! (id:39198)
Location
Province
Ontario
City
Long Sault
Address
50 Simcoe Street
Postal Code
K0C1P0
Location Highlights
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Listed by
EXP REALTY 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
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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
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
$1,299,900
Asking Price
$1,299,900
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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