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Apartment Building For Sale at 90 CRESWELL DR in Quinte West, Ontario

New
4 Sale ID #228913
Updated 06 May 2024

Asking Price

$1,325,000

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.

N/A

Lot Size

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Building Size

N/A

Premise Summary

Presenting a prime investment opportunity: a fully leased 10-unit multiplex steps from downtown Trenton. Recently updated with several major capital investments - this property offers separately metered units, 10 parking spaces, strong cash flow, and plenty of future potential. Additional building information is available in supplements, Financial info upon request, Square Footage is approx. **** EXTRAS **** 10 Units Total - 6 two-bedroom units, 4 one-bedroom units. Total - 16 Bedrooms, 10 bathrooms, 10 kitchens. (id:39198)

  • MLS® : #X8259906
  • Date Listed : 23 Apr 2024

Location

Province

Ontario

City

Quinte West

Address

90 Creswell Dr

Postal Code

K8V3G8

Location Highlights

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Listed by

KELLER WILLIAMS EDGE REALTY Ontario listing

Category

apartment-buildings

Property Information

Premise Status

N/A

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

5,000

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

N/A

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

N/A

Financial Information

Yearly Rate

$1,325,000

Asking Price

$1,325,000

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.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

5,000

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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