Attention investors, developers and general contractors! Amazing opportunity to own and restore an income producing 2 family property in the heart of downtown Danvers. Property is in close proximity to schools, shops and highways. This is a 4 bedroom / 2 bathroom, 2 family with a driveway & 4 car garage that has electrical, plumbing, and heat. House is fit with 3 working fireplaces and a farmers porch. Property is vacant and is being sold as-is. Buyer and buyers agent to do their own due diligence regarding renovations.
Parking:
8-car, Paved Drive, Off Street, Paved
Buyer Agent Compensation:
2.5%%
Facilitator Compensation:
0
Compensation Based On:
Gross/Full Sale Price
Sub-Agency Relationship Offered:
No
15 Cottage Avenue, Danvers, (Danvers Center), MA, 01923
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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