**Prime Multi-Use Building in Quality Hill Historic District Near McCoy Stadium**This exceptional multi-use property, located in the heart of the historic Quality Hill District and just steps from the renowned McCoy Stadium, presents a rare investment opportunity.
**1st Floor: Formerly an Irish Bar** Successfully ran for 17 years now awaiting the next vision to become a reality. Sale includes a valuable liquor license, all inventory, and equipment. The bar is outfitted with a tap system, a small kitchen for food preparation, and a well-organized layout perfect for efficient service. **2nd & 3rd Floors: Residential Space** The second and third floors feature two spacious two-bedroom apartments, ideal for rental income or owner occupancy. **Additional Features: ** The property includes an extra lot currently utilized as a parking area for the bar, providing convenience for patrons and tenants alike.
This property is perfect for an investor looking to own a piece of history with multiple revenue streams or a business owner seeking a thriving location with residential options. Don't miss this unique opportunity in one of the city's most vibrant areas!
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $495,920 | $495,920 | $495,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $708 | $708 | $708 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,383 | $3,296 | $4,182 |
Total Monthly Payment | $4,183 | $4,096 | $4,982 |
* 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.