Property Description
OWNER carry! Owner is motivated due to health issues so all offers will be considered! Highly profitable and easy to run! Prime River Walk Store Location, Location, Location! A high-traffic strip in quiet Reeley has little competition across from REEDLEY HIGH SCHOOL & near Reedley college, where girls come here to shop for trendy clothes & accessories. Has many followers on social media! This very establilshed store since 2005 has an owner with health concerns that has to sell. Huge walking traffic from locals and high school. Store has steadlily grossed 411-450k p/yr. w/ a $125k avg. net excluding employee pay ($34k p/yr)since 2005 to present. Room to grow with owner-operator. The store is stocked and turn key for new owner. Sell price include all inventories, pos, theft scanners, and fixtures. A very high foot traffic strip. This business currently is estimated at 80% clothing and 20% clothing & accessories.Gross Sales $411987.00 Gross Expense $210222.00 Net Income $125,519.00Quick Summary
- Property Type: Retail
- Neighborhood:654
- Year Built:2005
- Square Footage:1700.00
- Lot Size: 0.00 SqFt (0.00 acres)
- Baths:0.00 ()
- MLS:Fresno
- Listing Broker:Ann Lee
- Listing Office:Universal Lending and Realty Inc
Overview
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General Amenities
- Solar
- Tennis Court
Financing
A government loan program geared towards owner-occupied, first-time home buyers. Down payment can be as low as 3.5%. However, the buyer will have to pay the PMI (Principal Mortgage Insurance).
Down payment can be as low as 5%. For down payments lower than 20%, the buyer will have to pay PMI (Principal Mortgage Insurance). If the down payment is 20% or more, there will be no PMI charged to the buyer. When purchasing an owner-occupied property, interest rates may be lower as compared to purchasing an investment property. The limit for a conventional loan in Fresno County is $453,000. Loan limits are subject to change.
A loan above the conventional loan limit is considered a jumbo loan.
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