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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,899,000
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
N/A
Premise Summary
Welcome to an exceptional investment opportunity in the heart of downtown Napanee! This listing presents a unique chance to own an entire side of a town block, comprising four distinct properties with a total of 12 rental units. 14 Bridge St is a charming duplex, offering two separate rental units. Each unit boasts its own unique features and character, providing comfortable living spaces for tenants. 18 Bridge St. has nine rental units currently occupied. With a mix of layouts and sizes, these units cater to a diverse range of renters, ensuring steady income potential. 24 Bridge St is a single-family dwelling, perfect for a small family or individual tenant seeking a cozy yet spacious living arrangement. 30 Bridge St is another duplex property, providing two additional rental units. Whether for small families or individuals, these units offer convenience and comfort in a desirable downtown location. All buildings in this package deal showcase the enduring appeal of brick or siding exteriors, adding to their aesthetic appeal and long-term durability. Moreover, their downtown location ensures easy access to shopping, schools, and other essential amenities, enhancing their attractiveness to potential renters. Rarely does an opportunity arise to acquire an entire side of a town block in one comprehensive package. Don't miss out on this chance to invest in a portfolio of properties with century charm and lucrative rental potential. Seize the moment and make this exceptional offering yours today! (id:39198)
Location
Province
Ontario
City
Napanee
Address
14-30 Bridge Street W
Postal Code
K7R2C3
Location Highlights
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Listed by
Exit Realty Acceleration Real Estate, Brokerage Ontario listing
Category
Property Information
Premise Status
N/A
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
5,000
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
N/A
Financial Information
Yearly Rate
$1,899,000
Asking Price
$1,899,000
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
5,000
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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