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Apartment Building For Sale at 273 NORMANHURST Avenue in Hamilton, Ontario

New
4 Sale ID #241940
Updated 20 Jun 2024

Asking Price

$725,000

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.

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Lot Size

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Building Size

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Premise Summary

Recently renovated home, currently used as a 3 unit home. The 3 bedroom main level unit is stunning and ready to move into. The lower 1 bedroom unit and 2 bedroom units have great long term quiet tenants. New kitchens, flooring, 100 amp breakers, roof approx. 6 years old C/A. Great investment or move in with additional income. Close to all amenities and QEW. See sellers disclosure and supplement for expenses. Allow 24hr notice before all showings. (id:39198)

  • MLS® : #H4194870
  • Date Listed : 23 May 2024

Location

Province

Ontario

City

Hamilton

Address

273 Normanhurst Avenue

Postal Code

L8H5N3

Location Highlights

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Listed by

Royal LePage State Realty Ontario listing

Category

apartment-buildings

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

1,582

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 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

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Financial Information

Yearly Rate

$725,000

Asking Price

$725,000

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.

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Gross Revenue- annual

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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)

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

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Premises Size (square feet)

1,582

Other Information

Owner willing to Finance

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Absentee Owner

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Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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