Ever dreamt of running a tavern or having your own sports bar? This is your chance with this turn-key investment opportunity that has everything included in the sale lock, stock and barrel: the real estate, the business, and all equipment and furniture. The Riverview neighborhood tavern has been rooted in the community for over 35 years. Overlooking a bend in the scenic Ten Mile River. Enter past the outdoor seating with river views into the main tavern room. There are 8 seats at the bar, with windows behind the bar bringing the river view indoors. Behind the bar is plenty of space for multiple barkeeps. High tables seat 16 in this room. The connecting room with restrooms and billiards seats 14, more without the pool table. The kitchen connects to behind the bar and the billiard room. Priced right to allow for updating and to make this your own. Outdoor seating overlooking the river and a sizeable parking lot. Additional income with 3 rentals upstairs, two 1-bedroom apartments and one 2-bedroom apartment, currently rented month to month. Oil heat for the tavern, separate electric meters for each apartment with electric heat. The location can’t be beat, minutes to Route 22 and the neighboring towns of Pawling, Amenia, Millbrook and Millerton as well as the CT border with Kent, New Milford, and Sherman. Opportunities like this come few and far between. Additional Information: HeatingFuel: Oil Above Ground,
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $300,000 | $300,000 | $300,000 |
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 | $520 | $520 | $520 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,021 | $1,994 | $2,530 |
Total Monthly Payment | $2,616 | $2,589 | $3,125 |
* 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.