Profitable C-Store with Property and Residential Rental Units

New Haven County, CT

Profitable C-Store with Property and Residential Rental Units

Asking Price:$199,000

Cash Flow:$70,000

Gross Revenue:$280,000





Profitable C-Store with Property and Residential Rental Units

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Business Description

WOW…. Purchase BOTH the Real Estate Property, a Profitable C-Store with the ADDED BONUS that the property also produces rental income! This is a great opportunity for a first-time buyer to own your own business and property for ONLY $199,000. For less than $200,000 you can own EVERYTHING, the business, the property and the rental income. Live Rent FREE or be the Landlord! The current owner has been in business at this location for over 20 years and is looking to retire. In addition to the C-Store, the property includes a 3 bedroom apartment and a 2 bedroom apartment. The rent for the C-store is $900 per month and the 2 apartments rent for $1,850 per month. The total rent roll for the property is $2,750 and selling EVERYTHING for ONLY $199,000. The property needs some TLC and located in a mixed neighborhood in CT, however at this price there is really NO DOWN SIDE. Low real estate taxes make the property highly profitable and the C-Store nets about $50,000 for the past 20+ years. Please inquire about Listing #12968.

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price

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Ken Stein

Business Listed By:
Ken Stein

The Kensington Company

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