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Apartment Building For Sale at 510 19 Avenue SW in Calgary, Alberta

4 Sale ID #198175
Updated 27 Apr 2024

Asking Price

$2,100,000

Cap Rate help 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 lot is part 3 of a 3 lot sale! Here is a very rare opportunity to scoop up 3 boarding properties in one of the most sought areas of downtown Calgary. MISSION! The total length and depth of the combined properties are 100" x 120" giving you unlimited opportunities for redevelopment. Sitting on 19ave just off 4st gives quiet living yet steps from one of the trendiest streets in Calgary. All of the units on these 3 properties are rented currently giving you a handsome monthly income while plans are being drawn up as well. Call for details. Thanks. (id:39198)

  • MLS® : #A2102951
  • Date Listed : 22 Jan 2024

Location

Province

Alberta

City

Calgary

Address

510 19 Avenue Sw

Postal Code

T2S0E2

Location Highlights

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Listed by

RE/MAX Landan Real Estate Alberta listing

Category

apartment-buildings

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

8,565

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help 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

$2,100,000

Asking Price

$2,100,000

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

8,565

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


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