Interested In This Property?
South Gate, California
$329,000
Property Details
Beds0
Baths0
Garage0
Property Description
MONTHLY GROSS: $53,000
MONTHLY RENT: $3,400
LEASE TERMS: 6+3
STORE SIZE: 1,900 SF.
OPEN HOURS: 8AM-11PM
EMPLOYEES: 1 PT.
WAGE: $570/MO.
EXTRA INCOME: CHECK CASHING $1,500, LOTTERY $4,300 ATM $250.
REASON FOR SELLING: FAMILY IS LOOKING FOR A MOTEL BUSINESS.
NOTE: HUGE INCOME FROM LOTTERY.
RENT IS FIXED AT $3,400 FOR 6 YEARS. 35% PROFIT MARGIN.
LATINO NEIGHBORHOOD. AMPLE PARKING.
NET INCOME: $17,000/MO.
ASKING PRICE: $299,000+INV.
Location
South Gate, California
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