Great opportunity to own a well established BUSINESS with immediate profit and limited overhead expenses. Seller is motivated and ready to make a deal happen. The BUSINESS is being sold with all the functioning equipment, asking price - 350, 000$. Inside SQFT: 3280 Parking Lot SQFT: 1635 Storage room & Two bathrooms Office Income25-30k a month Expenses12-15k a month Rent: 7700$/month Worker 1: 3200$ a month Worker 2: 30% Labor Worker Internet: 100$ a month Con-ED: 400-600$ a month Garbage: 120$ a month Utilities Covered by Landlord: Water, Heat, Taxes Years left on the lease 7y 3mo (Renewable) Lifts: 5 fully functional lifts (comes with shop) Alignment Lift: 1 fully functional (comes with shop) Machines that the owner is leaving: Tire Machine, Balance Machine, Welding Machine, Inspection Machine, AC Machine Can be converted to carwash, body shop Tire Machine: 16. 000$ Balance Machine: 8. 000$ Welding Machine: 1. 000$ Inspection Machine: 35. 000$ A/C Machine: 4. 000$
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Our Executive Mortgage Banker:
Our Insurance Division:
$350,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $280,000 | $280,000 | $280,000 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,863 | $1,861 | $2,361 |
Total Monthly Payment | $1,938 | $1,936 | $2,436 |
* 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.