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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$549,900
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
Three residential units plus one Commercial Retail {currently rented as a Garage and Car Rental $2500 a month , tenant been there for a while no lease and he pays own hydro, with newer Garage doors}. 3 - 1 Bedroom apartments upstairs located in the back of the Building, rents are as of first may 2024 .$686,$686,$662, vendor pays heat and hydro. Building is heated with Forced Air, Newer gas furnace and is vinyl sided. Tenant parking is at the back of building. Approx. 30 parking spots for retail space at front of building. partial of the roof is new. OWNER SPENT $15000 IN UPGRADES RECENTLY .Insurance - 4400/yr, Hydro Apx - $2,809/yr, Gas Apx - $2370/yr, Water/Sewer Apx - $2,873/yr, PROPERTY TAXES $7200 Property has four bathrooms total.GROSS INCOME $54408 .OPERATING COST$19652 NET $34756 ALL TENANTS ARE MONTH TO MONTH INCLUDING THE COMMERCIAL UNIT (id:39198)
Location
Province
Ontario
City
Renfrew
Address
560 Stewart Street
Postal Code
K7V1Y6
Location Highlights
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Listed by
COLDWELL BANKER SARAZEN REALTY 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
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
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
$549,900
Asking Price
$549,900
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)
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
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Market Competition
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