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Apartment Building For Sale at 6401 Route 120 in Lac Baker, New Brunswick

4 Sale ID #188257
Updated 04 May 2024

Asking Price

$415,000

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

YOU HAVE THE DREAM OF LIVING BY THE LAKE, HERE IS THE PERFECT OPPORTUNITY. A SPLENDID VIEW, LARGE BALCONY WHICH GOES AROUND THE HOUSE WITH SCREEN SECTION. THE MAIN HOUSE IS LOCATED ON THE SECOND FLOOR AND IT IS COMPLETELY RENOVATED IN SWISS CHALET STYLE, CATHEDRAL CEDAR ROOF, LOTS OF WOOD, THREE BEDROOMS, CHERRY KITCHEN, WOOD STOVE TO WARM YOUR WINTER. THIS PROPERTY CAN BE USED FOR A SINGLE FAMILY WHICH INVITE CHILDREN AND THEIR GRANDCHILDREN. A FAMILY WHO WOULD LIKE TO HAVE AN INCOME FROM THE GROUND FLOOR APARTMENT. THE GROUND FLOOR APARTMENT IS A TWO (2) BEDROOM AND IS FULLY FURNISHED. MAKE YOUR DREAM REALIZE AT LAKE BAKER, ITS PARADISE!! (id:39198)

  • MLS® : #NB094226
  • Date Listed : 15 Dec 2023

Location

Province

New Brunswick

City

Lac Baker

Address

6401 Route 120

Postal Code

E7A1N1

Location Highlights

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Listed by

KELLER WILLIAMS CAPITAL REALTY (Edmundston) New Brunswick 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

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 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

$415,000

Asking Price

$415,000

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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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)

0

Other Information

Owner willing to Finance

N/A

Absentee Owner

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Support and Training

Not Included

Growth and Expansion

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Market Competition

N/A


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