Take advantage of a rare opportunity to own a property in Tolland's commercial corridor. This area is just beginning its 'next growth' of commercial and mixed use projects. This location is fantastic for any general contractors, and business owners currently renting where the work!! Including, plumbers, electricians, HVAC, automotive industry, landscaping companies, etc. , etc. 4000 square feet of mixed use space for warehousing, equipment, office space and/or mixed use conversion. The single family house can converted to office space , used as-is as home business or can be immediately rented for $1800-$2200 per month. Additional buildings could potentially be rented between $1000-$2000. Income potential easily offsets monthly carrying costs and may even create a positive cash flow. A good property to buy and hold for the long game. GREAT signage already existing from previous 30 year plus business Eastern Well Drilling company who is now retired. Signage can be expanded in accordance with town signage regulations for MORE roadside brand recognition. Tolland is a an easy to work with town and is interested in continuing to create small business opportunities and to build it's tax base. Owner MAY consider financing. Schedule you're appointment today!!
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $320,000 | $320,000 | $320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $590 | $590 | $590 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,210 | $2,127 | $2,744 |
Total Monthly Payment | $2,875 | $2,792 | $3,409 |
* 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.