Nestled in the heart of Berlin's vibrant Main Street, a majestic two-story brick building stands proudly, an emblem of history and modernity entwined. This commercial marvel boasts a meticulously rehabilitated first floor, featuring expansive retail space adorned with storefront windows that beckon passersby, inviting them into a world of possibilities. The ground level, adorned with ornate chandeliers, exudes exquisite craftsmanship, a testament to its historic allure. A remarkable iron circular stairwell commands attention, hinting at the building's fusion of heritage and contemporary design. This property is not just about its allure on the surface; it is a canvas for investment dreams. A modern sprinkler system and dry basement, ideal for storage, lay the foundation for safety and functionality. With separate entrances leading to the second floor, a haven awaits, offering office suites equipped with two bathrooms and a centralized kitchen, fostering an environment of productivity and comfort. The second floor, housing secure storage facilities, provides versatility for varied business endeavors. Its facade, echoing historic styles of the era, harmonizes seamlessly with the surrounding streetscape, enhancing its curb appeal and allure. Boasting both charm and practicality, this property's central location and its myriad possibilities make it an enticing proposition for investors seeking to make their mark in Berlin's bustling Main Street.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $308,000 | $308,000 | $308,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $956 | $956 | $956 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,049 | $2,047 | $2,641 |
Total Monthly Payment | $3,080 | $3,078 | $3,672 |
* 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.