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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,200,000
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
Opportunity is knocking! This large 6 unit character building is turn key and ready for any investor. Located in one of Hamilton's most desirable neighbourhoods its set to impress. Located at the foot of the escarpment just steps from St Joseph's hospital, Downtown and trendy Locke Street with beautiful escapement views overlooking downtown. Close to St. Joseph's hospital makes for easy renting. Approximately 85k in rent with a vacant unit to increase your NOI! Exceptionally well maintained, renovated with A++ tenants and stunning views of the Hamilton city skyline and waterfront. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
68 Arkledun Avenue
Postal Code
L8N2H8
Location Highlights
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Listed by
RE/MAX GARDEN CITY REALTY INC, BROKERAGE Ontario 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
3,476
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
$1,200,000
Asking Price
$1,200,000
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)
3,476
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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