​Downtown Brew Pub and Apartments

[Mark Davis]

The Opportunity!

• The building features 3 units. Two exceptional apartments on the second floor and the ground floor is leased to a brewery.
• The apartments could be converted into condos ​ or they could be rented via Air BNB to generate some substantial cash flow.
• The apartments are currently fully leased. See the attached spreadsheet for the numbers
• The brewery has 3 years remaining on the lease.
• Asking $1,500,000.00
• 6 CAP
  
  You could POTENTIALLY rent each apartment via air BNB for $200 per night and average 20 nights a month so that's $4,000 per residential unit so:
  
  $4,699 for A
  $4,000 for B/C if VRBO or Air BB
  $4,000 for D if VRBO or Air BB
  $12,699 per month potential gross rental income.
  
  $12,699 x 12 =$152,388 gross
  - expenses of $3,405
  = $148,983 potential Net operating income.
• ​​​​ (Click the purple link for the P&L)
• Pictures of the Building (Click the purple link to see the pictures)
• https://vid.us/73mz22 (Link to video and other information)