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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$699,999
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 lovely well maintained yellow brick home is a legal fully licensed duplex centrally located on the edge of OEV and Woodfield. There has rarely been a vacancy. The main floor has 2 large bedrooms plus a basement with additional room. The upper has 1 bedroom plus den, both with in suite laundry. Lots of parking in rear. Separately metered and tenants pay utilities. Recent upgrades (all done in 2023) include flooring throughout, painted, new exterior stairs and deck, kitchens have been refreshed (cabinets and faucets). Basement stairs have been capped and stabilized in 2023. Property is being sold fully furnished excluding tenants belongings. Combined rents $3945/month leased until Dec 2024 (upper), and March 2025 (main). (id:39198)
Location
Province
Ontario
City
London
Address
552 Adelaide Street N
Postal Code
N6B3J5
Location Highlights
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Listed by
INITIA REAL ESTATE (ONTARIO) LTD 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
2,354
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
$699,999
Asking Price
$699,999
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)
2,354
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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