This is an awesome and unique opportunity you won't want to miss. This property boasts a warehouse/studio with a loft that has potential for so many opportunities. Currently set up as an artist in residence studio, this property, which is set back off the road, offers a large open space with 12 ft ceilings, concrete floor, vault room, loft and a great lobby. The property is set back from the road and on either side of the driveway is a separate lot zoned for residential. There used to be multi-families on either side and they may be rebuilt. So to be clear, you are getting a warehouse and two lots with this sale Buyer to verify all uses. This is a fantastic opportunity to run a small business or studio in a residential one way street only blocks from the casino and potentially build two multi-families for extra income!!
34-36 Loring St, Springfield, MA, 01105
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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