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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$695,000
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
Excellent opportunity to own a 5 units property in 2 buildings with plenty of parking between the 2 buildings in the Niagara region in Welland. The property has 3 -2 bedrooms apartments and 1 - 1 bedroom apartment plus a store front and there is also an exterior sign rental. Fully rented. Tenants pay own hydro. Property is in a great location. May require some rennovations but seller is willing to offer a partial VTB (second mortgage at a very low interest rate for up to 2 years depending on the offer) so a buyer may possibly have the opportunity to buy this property with a low deposit or to possibly lower the total monrhtly mortgage payments. (id:39198)
Location
Province
Ontario
City
Welland
Address
602 Main St
Postal Code
L3B3Y2
Location Highlights
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Listed by
RIGHT AT HOME REALTY 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
5,177
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
$695,000
Asking Price
$695,000
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)
5,177
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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