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Apartment Building For Sale at 5819/5821 Campbell Road|Victoria Cross in Montague, Prince Edward Island

4 Sale ID #219105
Updated 05 May 2024

Asking Price

$349,900

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

Amazing opportunity to own this affordable duplex in Victoria Cross. With 8 bedrooms and 2 bathrooms total, each side offers 4 bedrooms, 1 bathroom and separate dining rooms. These homes are spacious, bright, and have been well maintained throughout the years. Sitting on approximately 2 acres of land, this property offers peace and quiet and yet it?s only minutes to Montague. This location is ideal. Live on one side and rent the other is a very affordable solution to home ownership and available with this property. Do you qualify for the Down Payment Federal Grant? Let?s find out. Great opportunity for Investors on this prime property with easy maintenance. (id:39198)

  • MLS® : #202405401
  • Date Listed : 26 Mar 2024

Location

Province

Prince Edward Island

City

Montague

Address

5819/5821 Campbell Road|victoria Cross

Postal Code

C0A1R0

Location Highlights

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Listed by

PROVINCIAL REALTY Prince Edward Island 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

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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 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

$349,900

Asking Price

$349,900

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)

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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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