Known as Fair Haven Pizza House! These sellers have had this business for 40 years and it is time to pass the business/building/land/equipment/recipes and on to the next set of hands to make the sought after Italian dishes, bread and pizza. additional income, Rents for 3 apartments are as follows unit 2 one bedroom $800 a month , unit 3 one bedroom $750 a month and unit 4 on the third floor is a 3 bedrooms $2000 (currently for traveling nurses) total gross income from rents is $3550 a month , also if an investor wanted to sell the business , the rent for the restaurant could be easily $1500 a month. This business is thriving and the sellers are willing to stand beside new owners to continue where they are leaving off. the owners take pride in this property and business so its very well cared for with no differed maintenance, many updates have been done including a electrical, new a furnace and much more.
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
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 | $600,000 | $600,000 | $600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.538% |
Monthly Tax Payment | $408 | $408 | $408 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,093 | $3,988 | $5,145 |
Total Monthly Payment | $4,593 | $4,488 | $5,645 |
* 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.