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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,900,000
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
Duplex on 6,948 sq.ft. lot, this Banff Old Timer was built in 1908 and has operated as an excellent long time rental investment property with good revenue. The property is located in the RBA: Banff Avenue District, this is the highest density residential district in Banff and the permitted use is for 3 storey apartment housing. Do not miss this opportunity to buy a great holding property with excellent future redevelopment potential! Note: proper notice is required for showings as excellent tenants are in place with month-by-month leases. (id:39198)
Location
Province
Alberta
City
Banff
Address
A/b 332 Beaver Street
Postal Code
T1L1E3
Location Highlights
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Listed by
RE/MAX ALPINE 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
2,441
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
$1,900,000
Asking Price
$1,900,000
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)
2,441
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
N/A
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