Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$779,900
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
Lot Size
N/A
Building Size
N/A
Premise Summary
Fully rented, and this home is being rented out as a rooming house. Hamilton Mountain Legal 2-family home is a great investment opportunity that generates positive cash flow. The property has great tenants who are willing to stay and are currently on a month-to-month lease. The house has 4 bedrooms upstairs and 3 bedrooms downstairs, with 2 kitchens and 2 full bathrooms. Each unit has in-suite stacked laundry. The double-wide driveway can accommodate up to 4 cars, and the large backyard provides ample space for both tenants to enjoy. The location is excellent, with easy access to the Red Hill Valley Expressway and close proximity to the Mountain Brow. The property is also within walking distance of a community park and the Huntington Park Recreation Center. Don't miss out on this fantastic investment opportunity! (id:39198)
Location
Province
Ontario
City
Hamilton
Address
50 Toby Crescent
Postal Code
L8T2N8
Location Highlights
N/A
Listed by
RE/MAX Escarpment Realty Inc. Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
1,100
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
$779,900
Asking Price
$779,900
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.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
1,100
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
Save this Listing
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.
