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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$254,900
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
Just reduced by $15,000. on February 26th, 2024. This won't last long! A wonderful way to get ahead is purchasing a duplex (instead of a single family home) and can save you approximately 18 years of mortgage payments! Centrally located to amenities off the Kingsway has potential for a small 3rd unit or finished rec room in the basement if needed. The main floor includes an open kitchen, dining and living area with 3 bedrooms and a 4 piece bathroom. The unit has been well upgraded with modern style cabinets, newer flooring and renovated bathroom. The upper level also has an open kitchen and living area with 2 bedrooms and a 4 piece bathroom. The unit is also well upgraded and is in above average condition. The building has had a full electrical upgrade fully permitted by the Electrical Safety Authority. The heating system is a newer high efficiency gas furnace. This duplex, on a dead end street, is in good condition but still requires some updating. Don't miss out on this opportunity! (id:39198)
Location
Province
Ontario
City
Greater Sudbury
Address
64 Kitchener Avenue
Postal Code
P3B2Y8
Location Highlights
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Listed by
RE/MAX SUDBURY INC., BROKERAGE 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
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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
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
$254,900
Asking Price
$254,900
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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