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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$995,000
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
Exciting investment opportunity in the heart of City Park! Both properties to be sold together as a package. These properties boast rare RM5 zoning, offering a unique chance for both short and long-term gains as holding properties with the potential for a multi-family high rise development or other types including special needs housing. Ideally situated in close proximity to the University of Saskatchewan, hospitals, the South Saskatchewan River, Meewasin Trails, and downtown, it's a prime location. Total land size is 6,482 sq.ft. (50 feet frontage by 130 feet depth). Two 4-unit dwellings with a total of 8 units currently generating income of $7,000 per month with near zero vacancy. Each property is very clean and very well maintained. For more details, contact your Realtor® or the Listing Agent. (id:39198)
Location
Province
Saskatchewan
City
Saskatoon
Address
524 & 526 4th Avenue N
Postal Code
S7K2M7
Location Highlights
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Listed by
RE/MAX Saskatoon Saskatchewan 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
0
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
$995,000
Asking Price
$995,000
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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