4,108 sqft. Building, 5,560sqft lot, with build 1 x liquor store on a1,900sqft., 3 x Bedroom Condo, 2 x Bedroom Condo, plus Beauty salon, and a storage unit.
1-Rental Income:
(3 x Bedroom unit; $1,700/m ) + (2 x Bedroom unit; $2,000/m) + (Beauty Salon; $1,300/m) = Total Rental income $8,300/m
2-Business Income:
Gross Sales: $60,000/m
Lotto Sales: $5,000/m gross, Net $350 @6.57 % margin
The business is run by owner operator family. It is located on a busy corner lot. The current owner has owned it for the last 11 years. The store needs only 2 x employees, and the store hours need to be increased from 6am-midnight. Rents are far below the market rate. Rents need to be increased to market rate.