Restaurant Plus 6 Apartments Above it! A Superb Deal.

Hobart, IN (Lake County)

Seller Financing Available
Restaurant Plus 6 Apartments Above it! A Superb Deal.

Asking Price:$495,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$350,000

Established:1970

Restaurant Plus 6 Apartments Above it! A Superb Deal.

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Business Description

What do you buy with $495,000?
· Restaurant with the same owner for well over 40 years (Recently Closed; personal reasons)
· 6-appartments above the restaurant; one (1) 2-bedroom and five (5) -1 bedroom
· Annual income from apartments is over $46,000; and do not forget the restaurant space!
· One could lease the restaurant for $3,500 / month or 42,000 per year
· Excellent location
. Restaurant space can be divided into 3 stores for a total of 9 units!
In summary, you buy an investment property with 7 to 9 units at a very low price.

PLEASE: DO NOT DISTURB OWNERS / EMPLOYEES / CUSTOMERS

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Facilities:
Down Town Hobart, IN
Competition:
Well known
Growth & Expansion:
Unlimited: add catering and delivery!
Financing:
Possible
Support & Training:
Possible
Reason for Selling:
Retirement, Seller is in his 80's!

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Peter J. Poulopoulos

Business Listed By:
Peter J. Poulopoulos

Realpoul Realty

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