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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$499,900
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
Introducing a versatile commercial property featuring a retail space, two residential apartments, and three leased mobile home spaces offering a unique investment opportunity with multiple income streams.This incredible property includes a spacious upper unit with 4 bedrooms and 2 bathrooms, which will be leased as of July 1st. Additionally, there's a separate 1 bedroom, 1 bathroom accessory apartment that is currently rented, making it ideal for additional rental income or on-site management.The ground-floor commercial space is leased to a reliable tenant, providing immediate and stable income. Further enhancing the investment appeal, the property includes land leased to three mobile home tenants (mobile homes not included in the sale), generating consistent land lease revenue.Utilities are separated with three individual meters for the store, the upstairs apartment, and the accessory apartment, ensuring streamlined management and billing.This is an excellent investment opportunity for both seasoned and first-time investors seeking strong cash flow, multiple income sources, and long-term flexibility. (id:39198)
Location
Province
Ontario
City
South Glengarry
Address
County 34 Rd
Postal Code
K0C1L0
Location Highlights
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Listed by
RE/MAX AFFILIATES MARQUIS LTD. 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
3,000
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
$499,900
Asking Price
$499,900
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)
3,000
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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