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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$930,000
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
This Pepperell Street legal duplex offers an enticing opportunity for investors and owner-occupiers seeking rental income. The property consists of two units: an upper unit featuring two bedrooms plus a den, currently rented at $2350 per month, and a main floor unit with two bedrooms, rented at $1248 per month. Each unit has separate laundry facilities and utilities covering heat and power, with the potential to advertise parking spaces for downtown commuters. As the landlord, you will pay for water, insurance, property taxes, and snow/lawn maintenance, ensuring a streamlined management process. The property has recent upgrades including new windows installed on the upper level in 2022, roof shingles replaced in 2016, and updates to electrical and plumbing systems. Situated in the vibrant Quinpool Road district, this over-and-under duplex offers convenience and accessibility for university students and medical professionals alike, with amenities in close proximity. (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
6079/6081 Pepperell Street
Postal Code
B3H2N8
Location Highlights
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Listed by
The Agency Real Estate Brokerage Nova Scotia 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
$930,000
Asking Price
$930,000
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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