Welcome to 166 Shrewsbury St, a mixed use property on one of Worcester's prime locations. The building consists of a 2415 square feet restaurant space with full basement on the first floor, the restaurant has seating for 107 people inside and 20 outside and is fully equipped and functional, on the second floor you'll find two spacious (2) bedroom apartments that will need to be finished. New HVAC has been installed and rough electrical and plumbing are done. This could be a very lucrative investment cash flowing about $8500-9000 per month in rent once the apartments have been finished. Come check it out and take advantage of everything this area has to offer with a vibrant restaurant scene and easy access to downtown, routes 9 and 290.
166 Shrewsbury St, Worcester, MA, 01604
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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