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Description
Opportunity to live in one unit and have the restaurant pay a large portion of your mortgage or just collect rents from both. Property consists of a restaurant and a single residential unit. Restaurant currently pays $3000/ month and the residential unit proforma rents would be $2000/month. This unit pencils out to a 6.15% cap based on these numbers. The residential unit shows as a 1 bed 1 bath unit. Current occupant has it configured as a 2 bed 1 bath space. The restaurant is occupied by an Italian restaurant called Il Bambino which has a strong following and great reviews, click on the link (https://g.page/ilbambinola?share). Restaurant owner has expressed interest in renewing lease at the end of his lease term. residential unit has fully fenced and gated driveway that provides secure parking. Property requires very little if any repairs. It shows true pride of ownership.
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