|Interest Rate||4.5%||%||Gross Scheduled Rent||$31,632||$|
|Real Estate Taxes||$3,237||$|
|Maintenance & Repairs||$902||$|
This property consists of a large 3 bedroom apartment ($900 in rental income) and a well-established bar that has been a neighborhood fixture for years but offers incredible expansion potential. Approximately 2/3 of the 2,420 bar space is currently being used for storage. This area could be converted into 1 or two additional residential units. The far side of the storage space is presently a wall with no windows. This side boarders the Quinabaug River and would be a perfect space to add a river-view deck. (If desired, this area could be rented out as a separate business operation). Sale includes liquor license, inventory, furniture and fixtures. The seller is willing to find a tenant for the bar ($900 per mo. est. monthly rent), sell license and inventory to tenant ($25,000) and reduce selling price by the same amount, or finance to the seller this $25,000 with the seller responsible for finding a bar manager.