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Benefits
Asking Price
$899,990
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
Welcome to 1184 Barton Street East, a solid 2 storey mixed-use (commercial/residential) building located directly across the street from shopping with high traffic and excellent visual exposure. There are four units total in the building - one commercial and three residential (all separately metered). The main floor features a vacant office/storefront space with a kitchenette, bathroom and massive basement with a ton of potential & a vacant 2 bedroom residential unit that can easily be converted to commercial space. On the second floor you'll find two additional residential units - one 2 bedroom + den unit & one 3 bedroom unit. The upper residential units are tenanted ($1600/mo, $1200/mo). C5 Zoning allows for many uses. Great cash-flowing investment opportunity! (id:39198)
Location
Province
Ontario
City
Hamilton
Address
1184 Barton St E
Postal Code
L8H2V7
Location Highlights
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Listed by
RE/MAX ESCARPMENT REALTY INC. Ontario 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
4,000
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
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Financial Information
Yearly Rate
$899,990
Asking Price
$899,990
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)
4,000
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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