Description
Super Site at a Kennedy Avenue Stoplight Corner in Hessville. 2 Apartments, Tavern with kitchen. Extra lot with large area for potential paved parking lot fronting on Cleveland St. Another fenced open area fronting Kennedy suitable for Beer Garden or building expansion.Always wanted to own a bar with Bonus Rental Income? This is it!One bedroom apartment rents for $800/month including utilities. Month to month lease. 4 bedroom apartment pays $1200/month plus their own NIPSCO gas and electric. Month to month lease also. Long time current owner operates the tavern, enjoys a booming business. 3 way liquor license included in package. Retiring early? "30 and out" from the mill? Want to stay busy? Call your agent to see this bargain!Gross income shown is for the rentals, not the business income. "Electricity" expense shown includes electric for the tavern, one bedroom apt, and kitchen. Water expense includes the sewer bill. Insurance expense is factored out for the building. Business and building insurance total is $360/month. One bedroom tenant pays $500 while employed by tavern. Four bedroom apartment tenant pays $800 / month as a concession for remodeling and installing new windows. Need 48 hour notice to show apartments. Tavern showing easier. As Is Addendum attached. Working on list of included business fixtures. ProForma attached. Ask your agent for a copy.
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0BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
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3,724SQFT
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$86$/SQFT
Description
Super Site at a Kennedy Avenue Stoplight Corner in Hessville. 2 Apartments, Tavern with kitchen. Extra lot with large area for potential paved parking lot fronting on Cleveland St. Another fenced open area fronting Kennedy suitable for Beer Garden or building expansion.Always wanted to own a bar with Bonus Rental Income? This is it!One bedroom apartment rents for $800/month including utilities. Month to month lease. 4 bedroom apartment pays $1200/month plus their own NIPSCO gas and electric. Month to month lease also. Long time current owner operates the tavern, enjoys a booming business. 3 way liquor license included in package. Retiring early? "30 and out" from the mill? Want to stay busy? Call your agent to see this bargain!Gross income shown is for the rentals, not the business income. "Electricity" expense shown includes electric for the tavern, one bedroom apt, and kitchen. Water expense includes the sewer bill. Insurance expense is factored out for the building. Business and building insurance total is $360/month. One bedroom tenant pays $500 while employed by tavern. Four bedroom apartment tenant pays $800 / month as a concession for remodeling and installing new windows. Need 48 hour notice to show apartments. Tavern showing easier. As Is Addendum attached. Working on list of included business fixtures. ProForma attached. Ask your agent for a copy.
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