Legacy asset next to City Hall for sale with part 1 approvals in hand totaling $4 Million of federal and state historic tax credits to be used for construction and redevelopment. Sellers can assign the tax credit approvals and application over to the new buyer. Sellers are open to staying on to help facilitate construction efforts or JV with the new sponsor. Please see conceptual design plans attached which include four units per floor. Floor plans can be modified to include more residential units on floors two and three and use of the first floor can change as well, however it's conceptually designed to accommodate a restaurant. Accompanied showings only. More information to be provided upon request.
274 High St, Holyoke, MA, 01040
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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