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Apartment Building For Sale at 6471 & 6473 Cork Street in Halifax, Nova Scotia

New
4 Sale ID #221272
Updated 02 May 2024

Asking Price

$719,899

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

Investment opportunity! Are you looking for an income property or an in-law suite look no further. Located in the heart of Halifax this home is a great investment opportunity with a recently remodeled one bedroom apartment in the basement. The seller is to have a 12 x 18 Composite Deck with aluminum railings with stairs to the ground, installed on the back of the property on or before closing. AND the home has a new roof in 2023. The main level features a spacious living room/kitchen perfect for entertaining friends and family, a den/bedroom with door to deck, a second bedroom and a full bath. Head up to the second level where you will find the master bedroom, additional bedroom and ½ bath with laundry. The lower level boasts a one-bedroom apartment. This apartment contains an open concept living room/kitchen, a bedroom, and full bath with laundry. Neutral colors throughout and carpet free this home is a must see. A partially fenced backyard and a gardeners shed for added storage. Close to all amenities including shopping, recreation, transit, schools and just minutes to downtown Halifax. Top level owner occupied, lower level rented at $1300 per month fixed term lease expires Oct. 31st 2024. Seller pays all utilities. Give us a call today to view! (id:39198)

  • MLS® : #202405917
  • Date Listed : 03 Apr 2024

Location

Province

Nova Scotia

City

Halifax

Address

6471 & 6473 Cork Street

Postal Code

B3L1Z5

Location Highlights

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Listed by

Assist-2-Sell Homeworks Realty Nova Scotia 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

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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 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

$719,899

Asking Price

$719,899

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)

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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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