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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,150,000
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
Welcome to Bowness! This amazing turn-key, cash-flowing, legal fourplex is the perfect investment opportunity for anyone looking to add to their real estate portfolio. This property, which contains over 3,500sqft of living space, has had quite a few improvements over the last few years including a full roof replacement, a new furnace and hot water tanks on one side. More recently, one side has had new flooring installed and was recently painted. Both sides have main floors consisting of three-bedroom units. The lower floors on each side consist of two-bedroom units. Each unit also has its own laundry in-suite and each side contains dual hot water tanks. The main floor units walk out to spacious balconies, perfect for BBQ’s. The south facing balconies will bring you plenty of sunlight all day long. Each side is individually titled with the total lot size being 50 x 125 and M-C2 Zoning for anyone looking to build in the future. The fourplex has been professionally managed with regular inspections. All tenants have been long term residents and would like to stay. For those who love to spend time outdoors, you are steps away from parks, the pathway system, and a short walk to plenty of restaurants, cafes and shopping nearby. The ideal location is also a quick walk to the Bow River, with the magnificent Rocky Mountains only a one hour drive away. (id:39198)
Location
Province
Alberta
City
Calgary
Address
6618 & 6620 Bowness Road Nw
Postal Code
T3B0G1
Location Highlights
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Listed by
CIR Realty Alberta 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
1,833
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
$1,150,000
Asking Price
$1,150,000
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)
1,833
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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