Excellent Investment opportunity with multiple income streams! Seller Finance Option Available. Sale Includes 3 total Parcels with Fully-Operational Bar and 4COP Liquor License which allows owner to sell any kind of liquor, beer or alchohol.
Buildings Included:
2, 552sq ft. Retail Bar
752sq ft Office
1, 624sq ft 2BR/2BT Single Family Home 1, 200sq ft Commercial Steel Building
RV Covered Parking
Storage Units
Updated Tiny House
Bar currently serves customer's 7 days a week with long-standing business history. Truly a turn-key opportunity including all bar equipment, Walk-In & free standing coolers, POS System, smallwares and pool tables. Possible Drive thru package sales for additonal income. Beside bar building you have a 724 sq ft office/storage area. Behind the bar offers outdoor seating and additional bar service area. Open pavillion ideal for entertainment venue. In 2021, a 1200 sq ft commercial steel building was added. Ideal for possible lease option for additonal revenue stream! The 2BR/2BT home has views of Smith Lake! Many beautiful updates since their ownership. Home could pose ANOTHER source of rental revenue Short or Long Term! Or Home is ideal for owner/operator. Closer to Smith Lake fronts an adorable updated Tiny House with kitchenette and separate Bathroom/Shower. Ideal for short-term rentals and access to Smith Lake which offers fishing or kayaking. This property boasts so many unique touches to provide customer's a small-town Smith Lake retreat whether coming to visit the friendly atmosphere of the indoor/outdoor bar, or overnight short/long term stays! Look forward for you to see this unique FL Investment Opportunity! Schedule your showing Today!
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $234 | $234 | $234 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,248 | $5,390 |
Total Monthly Payment | $4,579 | $4,574 | $5,716 |
* 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.