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Hospitality Property For Sale at 8410 97th Street in Osoyoos, British Columbia

4 Sale ID #210797
Updated 03 May 2024

Asking Price

$989,900

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

N/A

Premise Summary

INVESTMENT OPPORTUNITY - Large split level home that is suitable for THREE SEPARATE LIVING SPACES. The Main house can be used as TWO suites, 3 bedroom up and 5 bedrooms down, AIR BNB room rentals or 8 bedroom home for large family. The TWO Bedroom detached Cottage is situated further back on the LARGE COMMERCIAL ZONED LOT giving each dwelling a treed, fenced outdoor space. Great flat usable yard - with plenty of commercial uses or ideal for large business in need of STAFF HOUSING. Freshly painted, New HWT, Laundry on both levels and in cottage, electrical service upgrade to cottage for 100amp. This is a unique opportunity for the right savvy investor. Centrally located, you are walking distance to Shopping, Recreation, Fitness Centre meaning your tenants do not require a vehicle to access all their needs. Great ROI with rental analysis and CAP rate calculations to be provided. Contact Listing agent for complete info package. (id:39198)

  • MLS® : #10305964
  • Date Listed : 01 Mar 2024

Location

Province

British Columbia

City

Osoyoos

Address

8410 97th Street

Postal Code

V0H1V5

Location Highlights

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Listed by

RE/MAX Realty Solutions British Columbia listing

Category

hospitality-properties

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

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Available Space

N/A

Building Size

2,023

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

N/A

Financial Information

Yearly Rate

$989,900

Asking Price

$989,900

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)

N/A

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

N/A

Premises Size (square feet)

2,023

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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