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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$649,000
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
Excellent opportunity to own a lovely, affordable, recently renovated rancher. with 2 bedrooms & den (could be a 3-bed home). Modern cheater bathroom w/walk in shower. Large kitchen/dining room w/ high-end gas stove, living room, and a family room. Powerful Mini-split air-conditioner, metal roof, fenced yard, garden shed, and a storage shed attached to the house. VERY large 27x15 garage with running hot & cold water, power, painted floor, and very well lit. This lovely home is in an area zoned M2 which is perfect for someone wanting to run any number of machine shops or mechanic-type businesses from their home. It also makes an ideal rental property. Just 20 20-minute walk (or 5 5-minute drive) to the lively revitalized downtown area of Chilliwack, close to transit, and completely move-in ready! *The 400 sqft workshop/garage has epoxy-coated concrete floors, with separate 240-volt power with its own sub-panel, work table along the whole length of the wall, fume extractor, and sink. (id:39198)
Location
Province
British Columbia
City
Chilliwack
Address
46141 Norrish Avenue
Postal Code
V2P1K8
Location Highlights
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Listed by
eXp Realty British Columbia 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
1,116
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
$649,000
Asking Price
$649,000
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)
1,116
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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