Cap Rate is only taking into account the apartment rental income that is located above the retail space and limited bar income. Short term leases are in place for both upstairs units. The retail space is currently set up as Clearwater Saloon and everything you see is included in the sale minus a few personal decor items. The whole building has been completely remodeled between 2022-2024. New electrical, lighting, water lines and updated bathrooms and flooring. The apartments were taken clear down to the studs and remodeled. New electrical, waterlines, insulation, sheetrock, flooring, doors, trim, rear windows, and wall heaters. The building also features a new roof in 2022 and a facelift to the front exterior. This is your opportunity to take over a turnkey saloon that's still gaining in popularity (currently beer & wine only) or turn it into whatever your heart desired. The "Clearwater Saloon" name and LLC are also available to be transferred with the sale depending on what your buyer wants to do.