Established Canadian businesses - For Sale by Owner - in Canada
 |
Listing # 64107001
Business For Sale
|
|
Rental Property and Renovation Business
$11,000,000.00 (Cdn)
|
|
Business Location: Nova Scotia
Postal Code: B2Y
Relocatable: No
Business Categories:
Real Estate & Rental Buildings
Construction & Renovation
|
|
|
Ideal bolt-on or business growth opportunity for an existing landlord or contractor. Turn-key operation with well-maintained properties, experienced staff, tools and equipment. High-quality desirable rentals provide increasing revenue to re-invest in the many growth opportunities. Efficient operation with low overhead and no surplus employees allows a new owner to easily absorb the operation.
17 properties with 33 rental units in Halifax/Dartmouth.
|
|
|
|
|
$592,000 in gross rental revenue and $372,000 in net operating income. Existing leases are at 87% of full market rent, creating growth opportunity of $80,000 through regular turn-over and rental increases.
Vacant land and opportunities to build additional units at existing properties can add up to 38 units or $820,000 in additional revenue.
Majority of units are on fixed leases and tenants pay own heat and power in 100% of the units. Average rent is approximately $1600 per unit.
|
|
|
|
|
Majority of units are in Downtown Dartmouth, which is a very desirable rental neighbourhood. Properties are mainly duplexes, triplexes and quads, giving tenants a place to live that feels more like a home, in a walkable neighbourhood. Vacancy is lower than average and units rent very easily.
|
|
INCLUDED, EXCLUDED & OPTIONAL |
|
| |
- INCLUDED in the Price - |
|
- 17 Properties
- 31 Rental Units
- Development Pipeline for up to 38 additional units
- Experienced carpenters, warehouse, work truck, snowplow, dump trailer, tools
|
|
|
|
|
|
DISCLAIMER
BusinessSellCanada is not responsible for the accuracy of the information
shown in this "Business For Sale" listing. We provide advertising
space only - we are not business brokers. We do not verify the Seller's
authority. The Buyer should contact the Seller directly and verify the
accuracy of all information to his/her own satisfaction.
|
|
|
LISTINGS