Priced extremely well is this nicely maintained operating bar on the first floor with the second floor having a one bedroom apartment. The bar has been established and in this family for years; and the time has come to sell. The apartment rents for $700/month and includes hot water. Each unit has separate electrical and their own propane heaters. The hours of the bar are from 3: 30 till closing and has an occupancy permit for 35 people. There is an outside deck with permitting allowing use from opening till closing. The bar is being sold entirely furnished w. the exception of a couple personal items. The atm, game, and juke box machines are outside vendors equipment with a percentage going to the sellers. Liquor at the time of the sale can not be transferred to new owner as they need to secure their own liquor license. The H20 tank for the draft system does not convey with the sale. The bar has two bathrooms, a rear kitchen where light food is prepared and pantry area. There are two shared driveways, w. some parking out back along with street parking. New electric and plumbing on the first floor were completed in 2014. The basement is a crawl space with exterior entrance in the rear and houses the two electric panels. No numbers are supplied for business. For this price, along with the potential the bar has, could make this a nice little investment!
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Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $79,920 | $79,920 | $79,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $143 | $143 | $143 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $538 | $531 | $674 |
Total Monthly Payment | $756 | $749 | $892 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.