Located in the hub of Addison County and central to shopping, schools, public transit and recreational opportunities, this property would be well suited for a conversion to full residential or continued use as a compartmentalized office space with a residential apartment on the 2nd floor. Plenty of paved parking to accommodate a wide variety of uses. The building has been modified and updated in a quality way over the years, has a generous monthly cash flow (NNN on office space @ 6072. 27/mo, $1200/mo on res unit). Main floor heat/air conditioning is a high velocity system, 2nd floor apartment is baseboard hot water. The Town of Middlebury could use additional residential unit. Plan your conversion while you collect rent for the next year! Showing appointments are limited to outside of business hours, please allow at least 48 hour notice when making a request. Mon/Tues/Wed/Fri showings after 5pm only. Thursday, Saturday and Sunday office is closed so showings anytime on those days. April 9-19 is wide open for showings. Be sure to see virtual tour of Office space. Listed also as Commercial MLS#4988341
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | $1,142 | $1,142 | $1,142 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,360 | $4,248 | $5,390 |
Total Monthly Payment | $5,594 | $5,482 | $6,624 |
* 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.