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Land For Sale at 5806 57 Avenue in Red Deer, Alberta

4 Sale ID #158298
Updated 03 May 2024

Asking Price

$147,000

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

Build your investment with this large, oversized lot that is ready to generate passive income. Located close to all amenities and within walking distance of transit, this property is perfectly situated for convenience and offers 9,768 Sq.Ft. of space for a great sized home with a detached Garage. A very spacious lot with tons of potential and nothing left to do but start building, this lot presents an incredible opportunity for savvy investors looking to capitalize on the rental market. Don't miss out on this chance to secure your financial future with this promising investment property. House is being demolished as it is uninhabitable. List price includes GST. (id:39198)

  • MLS® : #A2067112
  • Date Listed : 24 Jul 2023

Location

Province

Alberta

City

Red Deer

Address

5806 57 Avenue

Postal Code

T4N4S4

Location Highlights

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Listed by

RE/MAX real estate central alberta Alberta listing

Category

land

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

0

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

$147,000

Asking Price

$147,000

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)

0

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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