Investors and/or developers, a unique opportunity is presenting itself at Salisbury Beach. Four lots featuring eight year-round units located in the Beach Commercial Zone. Lot 42 – single family. Lot 44 – 2 family plus 3 single-family cottages. Lot 48 – open space for parking/new construction. Lot 50 – 2 single-family homes. For developers/builders, our estimate provides for six to nine/three-bedroom units allowed in this Beach Commercial Zone. The possibilities include six to seven single-family homes or two to three/3-unit garden style condominium buildings. All four parcels must be purchased together and are NOT sold separately. Buyer could also purchase the package and sell all four parcels individually. Sold "As Is." FIRST and ONLY showing of all eight units together will be held on Saturday, May 11, 12-3 PM. Please view attachments.
42 - 50 Cable, Salisbury, (Salisbury Beach), MA, 01952
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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