Benefit from immediate returns! With established tenants, only one of the four units vacant, you will begin generating income right away, minimizing any downtime or uncertainty. Use this property to help create or expand your own business or for investment. This sale will include two well-built brown brick buildings, each on their own parcel, in a busy location with opportunities galore. Hartford's South End is experiencing continuous growth and development, ensuring that your investment will appreciate over time. There is plenty of parking, approx 20 spaces. The roof is newer and the mechanicals are in great condition. Three of the four units are being occupied by 1. a well-known and popular restaurant offering traditional Italian food. 2. A karate dojo on 2nd floor. 3. A food manufacturer. 4: about 1800 square feet vacant. There is plenty of strategic upside: By capitalizing on the area's popularity, you can command competitive rental rates and create a desirable destination for customers. Seize this opportunity to own a slice of the South End's real estate goldmine. These brown brick buildings offer not just financial potential, but a chance to be part of a thriving community. Don't miss out—schedule your showing today and let your investment dreams take flight! The local area is on an upturn with future planned area enhancements like Brainard Airport. The two parcels are being sold together on this listing and separate on two other listings.
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $678,400 | $678,400 | $678,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $1,530 | $1,530 | $1,530 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,905 | $4,288 | $5,725 |
Total Monthly Payment | $5,527 | $5,910 | $7,347 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.