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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,150,000
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
Designed and built as a fully conforming Fourplex in 1969, with wood frame construction on a poured concrete foundation. The structure consists of three x 3 Bedroom Units (each over 1000 Sq.Ft.) and one x 2 Bedroom unit (830 Sq.Ft.). There is a common Laundry Room and a Central Boiler for gas fired, hot water heating throughout the building. The exterior includes a low-slope asphalt shingle roof, stucco/vinyl siding with brick accent. All (except the vinyl) was painted with high performing (25yr) 'rubber' sealing in 2011. The current Owner since 1996, is the second recorded owner in the buildings history. It has been owner managed at all times. This is an exceptional opportunity beyond just owning a fine revenue property. With internal hallways and easy access throughout, it may offer creativity for short term rental, or a perfect retirement ‘live in’ with built in (inflation proof) revenue, or even ‘live in’ so you can put your children through university. (id:39198)
Location
Province
Alberta
City
Calgary
Address
6131 Bowness Road Nw
Postal Code
T3B0C9
Location Highlights
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Listed by
RE/MAX Real Estate (Mountain View) Alberta 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
2,389
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
$1,150,000
Asking Price
$1,150,000
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)
2,389
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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