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Mobile Home Park in Beautiful West Brookfield! License issued to operate as recreational camps, overnight camps, motels, and trailer coach parks. 22 sites with Board of Health approval for 56 sites. 12 of the units are park-owned site rentals (one is used for storage and one is vacant) and 10 are independently owned. Park is primarily 100% occupied with occasional rental turnover. Fees are currently $400 per month for ind. owned units and $50 per month for water affiliated fees. Newly paved town road. Great location close to amenities and highways. Artisan well with new well house and pumps, booster bumps, holding tank and control panel. New piping and connections to each unit in process. Wickaboag Lake is in close proximity with community access. One septic for each two homes. One septic has 3 (grandfathered in). Income and expense reports available upon request. There are many possibilities with this park as there is high demand for 55+ affordable housing in the area.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $1,400,000 | $1,400,000 | $1,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.229% | 6.486% | 6.307% |
Monthly Tax Payment | $258 | $258 | $258 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,059 | $8,734 | $11,909 |
Total Monthly Payment | $8,442 | $9,117 | $12,292 |
* 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.