LOCATION! LOCATION! LOCATION! Established Business/Restaurant for sale packaged with 655 Stanley Street (Parking lot). The 2 properties combined and must be "Sold as a Package" only. This restaurant business can be converted to a sports bar, deli or bar or you can keep the Restaurant business and build a 1-2 family on the parking lot for extra income/investment. Parking lot was a residential property before and was converted to a Parking Lot and can easily be converted back. You can also expand the patio for outdoor seating or expand the business by adding extra space. All kitchen equipment (new) included. All furniture included. Central Air. 1 Public bathroom with handicap accessibility and one employee bathroom in the basement. Small brick patio in the front of business. Parking lot with plenty of parking. Basement has plenty of storage space. Very clean basement. High visibility, immediate access to highways, busy 4-way intersection, near Central University. Summer is around the corner get this property ready for an extremely, successful venture.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.014% | 6.915% |
Monthly Tax Payment | $341 | $341 | $341 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,187 | $4,467 | $6,017 |
Total Monthly Payment | $4,620 | $4,900 | $6,450 |
* 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.