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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$625,000
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
Prime Mixed-Use Investment Opportunity - Fully Tenanted Laundromat + 3 Residential Units! Fantastic opportunity to own a fully rented mixed-use property featuring three residential units and a thriving commercial space currently operating as a laundromat. Situated in a high-visibility location, this income-generating property offers excellent cash flow with long-term potential. The residential portion includes two occupied units at market rent and one vacant 2 bedroom unit, perfect for owner-occupancy or additional rental income. The well-established laundromat provides commercial revenue, making this a turnkey investment with multiple income streams. Located in a prime area close to amenities and local businesses, this is an ideal property for investors or entrepreneurs looking to expand their portfolio. Don't miss out on this rare opportunity! (id:39198)
Location
Province
Ontario
City
Prescott
Address
King
Postal Code
K0E1T0
Location Highlights
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Listed by
REAL BROKER ONTARIO LTD. 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
2,550
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
$625,000
Asking Price
$625,000
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)
2,550
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
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