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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$450,000
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
Spacious and full of opportunity, this oversized duplex is the perfect addition to any investors portfolio. The property features two vacant units, allowing you to set market rents and start strong from day one! The main floor offers a large one-bedroom layout with potential to add a second bedroom, while the upper level includes a bright, updated three-bedroom unit with access to a finished attic that serves as an impressive family room + a fourth bedroom. Conveniently located just steps from the downtown core, schools, parks, and all amenities, its an ideal spot for attracting quality tenants. Don't miss this chance to secure a fully vacant duplex in one of St. Thomas's most in-demand rental areas a solid, versatile property with great income potential. (id:39198)
Location
Province
Ontario
City
St. Thomas
Address
Forest
Postal Code
N5R2J1
Location Highlights
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Listed by
THRIVE REALTY GROUP INC. 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
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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
$450,000
Asking Price
$450,000
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)
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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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