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Suite of tools & services
Benefits
Asking Price
$719,899
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
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)
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
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
$719,899
Asking Price
$719,899
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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