A UNIQUE OPPORTUNITY TO PURCHASE OR RENT TO OWN A PROPERTY THAT PAYS YOU TO BUY IT!
THE BUILDING IS SITUATED IN DOWNTOWN CORNER BROOK. IT HAS A FULLY FUNCTIONAL BAR AT THE FRONT. THE REST OF THE BUILDING IS MADE UP OF RENTAL ROOMS (6). BACHELOR APARTMENT AND ONE BEDROOM APARTMENT. BAR, ROOMS AND APARTMENTS ARE ALL FULLY LEASED. THERE IS A LARGE SPACE AT THE REAR FOR OFF STREET PARKING.
GROSS ANNUAL INCOME FROM ROOMS AND APARTMENTS APPROX. $62,500.
GROSS ANNUAL INCOME FROM BAR $24,150. TOTAL GROSS APPROX. $86,650 PER YEAR OR $7,221 PER MONTH.
BUILDING APPRAISED IN APRIL 2023 AT $460,000.
PURCHASE OUTRIGHT AT $350,000.
OR
RENT TO OWN $50,000 DEPOSIT. BALANCE TO MORTGAGE (BY US) $300,000. TEN YEAR FIXED RATE = $4,312.50 PLUS $1,000 RENT = $5,312.50 PER MONTH
ENQUIREIS: PLEASE CONTACT PAUL AT 1-709-4552211 OR 1-709-640-2468