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5 Glen Avenue, Berlin, NH, 03570 | $269,900
Motivated Sellers! Exciting Opportunity! Explore this adaptable 4447 square foot brick building located in the heart of downtown! This property offers a one-of-a-kind chance with two commercial spaces, two apartments, and an extra flexible area, all providing outstanding exposure and signage opportunities for businesses. The property features abundant off-street parking, including a 2-car garage and nearby municipal parking. With its current layout and generous space, it's perfectly suited for a business with owner's quarters and additional rental income. The spacious owner’s quarters are beautifully designed with a fenced-in patio area, creating a cozy and welcoming living space. The front retail/office space is equipped with central air, restroom, and closet space, and has previously accommodated a hair salon. The second floor includes a second apartment and a Nail Salon, as well as an additional space that could serve various purposes, featuring an oak stairway, ample storage space, walk-in closet, workshop, utility room, and restroom. This property offers a wide range of potential uses, making it an ideal opportunity for entrepreneurs and investors. Unlock the potential by considering the conversion of the front space and additional area into apartments (City Approval Needed). Don't miss out on the chance to make this versatile property your own! The Nail Salon pays $500 per month in rent, and the second apartment pays $850 per month in rent.
Features
- Property Type: Business,Investment,Multi-Family,Office,Opportunity,Retail
- Construction: Masonry
- Parking: Driveway,Garage,Off-Site,Off Street,On-Site,On Street,Parking Spaces 1 - 10,Paved
- Heating: Hot Air,Hot Water
- Units: 5
- Zoning: Commercial
- Frontage: 76
- Year Built: 1905
- Acreage: 0.28
- Est. Taxes: $4,982
- MLS#: 4991364
- Website: https://www.raveis.com
/prop/4991364/5glenavenue_berlin_nh?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/5/2024Listing courtesy of RE/MAX Northern Edge Realty LLC Phone: 603-752-0003
Listing Agent: Matthew Martel
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5 Glen Avenue, Berlin, NH, 03570
$269,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $215,920 | $215,920 | $215,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
| Monthly Tax Payment | $415 | $415 | $415 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,437 | $1,435 | $1,821 |
| Total Monthly Payment | $1,927 | $1,925 | $2,311 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NH Mortgage Banker #11083-MB