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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$774,900
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
An amazing investment or owner-occupied opportunity in West End Halifax. Located so close to the ever-evolving Quinpool Road and its many amenities, this duplex comprising a 4 bedroom and a 2 bedroom unit is perfect for students and professionals alike. Generating $46,000 net income per year with the tenants paying their own heat, electrical and internet, it is easy to operate. Numerous upgrades including new roof, new appliances, new outdoor stairway and deck, new bathroom in the upper unit and some new windows in both units. This property has been upgraded and thoroughly maintained since 2021. 6310/6312 Allan St is a wonderful opportunity to build wealth through real estate ownership. (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
Allan
Postal Code
B3L1G9
Location Highlights
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Listed by
Press Realty Inc. Nova Scotia 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
$774,900
Asking Price
$774,900
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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