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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,299,000
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
Looking for a well-maintained multi-unit with a great location to add to your investment portfolio? This seven-unit, energy-efficient mixed commercial/residential might meet all your needs. Newly constructed in 2018, this property is located in a convenient yet peaceful neighbourhood on the City's North Side. Short drive to the bridge and downtown Fredericton. Great curb appeal, and contemporary design inside and out. There are four second-level one-bedroom apartments plus one accessible ground-level apartment. The ground level also has commercial spaces with lone-term commercial tenants. All residential units are serviced by mini-splits, commercial units are serviced by heat pump. Locked building entrance for security. Paved and lined parking lot, garbage shed. This building is 100% occupied with long-term tenants, residential tenants are all retired or working professionals. Tenants pay their own power bills. All separate meters and hot water tanks for each unit. Washer and dryer hookups in each residential unit. Measurements approximate, buyers to verify the measurements themselves. This building has always been well-maintained, and management has succeeded in creating a place where residents want to call home. Don't miss out on this excellent investment opportunity! (id:39198)
Location
Province
New Brunswick
City
Fredericton
Address
66 Greenwood Drive
Postal Code
E3A2P7
Location Highlights
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Listed by
Royal LePage Atlantic New Brunswick 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
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
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
$1,299,000
Asking Price
$1,299,000
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)
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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