Well established business in a plaza complex with great street appeal. Some of the work done for you: (in 2019 with 2024 costs and inflation much higher): $68, 000 build out, $6800 sign, mirrors $8, 000, hot room floors $7, 000, electrician for heat panel etc $10, 000, washer dryer w electrician and plumber $5, 000, Sauna $5, 000, brand new bathroom, repainted unit and hot room 2023. Lobby desk, bolsters, blocks, straps, rental mats, fridge, stock, towels, lavender towel fridge, heat source, infrared heat panels, green light therapy lights, sound system . We will help convert the software over to you/ social media, Facebook, Instagram and website are all ready for you to take over. You are getting 2 units (12 and 13) totaling 4, 000 square feet. Unit 12 A gorgeous state of the art lobby and hot room. Turn key and ready for your first yoga class. Unit 13 is a big open space with so much potential (unheated yoga, warm yoga, event space, training space, and more) plus 5 finished rooms to use as offices, massage rooms, light therapy rooms, reiki, skin care, and more! Unit 13 has an updated bathroom, plenty of storage, all updated plumbing, floors, paint, and finishings to make it as cozy as the hot room. Unit 13 was a juice and smoothie bar that is still all ready for you to hop in and re-open (sign included JUICE & SMOOTHIE $11, 000). All you need to reopen the smoothie shop is a fridge and freezer (we can negotiate juicer, blenders, 3 bay sink if interested) The Hot Yoga Studio (
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $200,000 | $200,000 | $200,000 |
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% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,364 | $1,329 | $1,715 |
Total Monthly Payment | $1,439 | $1,404 | $1,790 |
* 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.