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UPDATED REMARKS! Welcome to an exceptional investment opportunity or ideal owner-occupant scenario in this versatile mixed-use property! Situated conveniently close to highways, shopping centers, and amenities, this property boasts a prime location for both residential and commercial purposes.
Comprising of two residential units and a spacious 1296 square foot garage zoned for commercial use, this property offers a diverse range of potential uses. Whether you're looking to generate rental income from the residential units, utilize the commercial space for business ventures, or a combination of both, this property presents endless possibilities.
Appreciate the income potential of this property, while owner-occupants can enjoy the flexibility of operating a business on-site or renting out the commercial space for additional revenue streams. Listed as a Multi-Family Residential at MLS#1356258
With its strategic location and versatile layout, this mixed-use property is a rare find in today's market. Don't miss out on the opportunity to capitalize on this exceptional investment or live-work space. Property is being sold as-is. Schedule your showing today and unlock the potential of this prime real estate opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$430,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $344,000 | $344,000 | $344,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.815% | 7.055% | 6.120% |
Monthly Tax Payment | $481 | $481 | $481 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,289 | $2,260 | $2,880 |
Total Monthly Payment | $2,845 | $2,816 | $3,436 |
* 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.