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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,190,000
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
INVESTOR ALERT!!! Generate income as you plan your build! Located in the highly sought after mature neighborhood of Garneau, a rare opportunity with 2 side x side character homes, currently being utilized as student housing with consistent rental income from their main floor & basement suites (+ loft), is now available for sale as a packaged deal. Each house offers 5 bedrooms & are fully occupied (total of 10 bedrooms). Situated across the street from the lovely Garneau Park & backing onto an alleyway (w/ one house next to a side alley), make this prime location that's also blocks away from the University of Alberta & the Stollery Children's Hospital, ideal for various opportunities. Zoned DC1 (id:39198)
Location
Province
Alberta
City
Edmonton
Address
10918/22 84 Av Nw
Postal Code
T6G0V4
Location Highlights
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Listed by
RE/MAX River City Alberta 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
8,712
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
$1,190,000
Asking Price
$1,190,000
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)
8,712
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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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
