This renovated, 10-unit apartment building presents an optimal location near major highways including Route 3 and 111. Offering ten units across two floors, it includes 8 studios, 1 one-bedroom, and 1 two-bedroom unit. With assigned parking on-site for over 16 vehicles, tenant convenience is prioritized. Inside, all units have been upgraded with new flooring, cabinets, countertops, appliances, bathroom upgrades, and paint. Exterior improvements feature a new roof, while updated mechanical systems ensure efficiency, including a new boiler and water heaters. Major deck repairs and a newly paved parking lot further enhance the property appearance. Just a short walk from downtown Nashua, this multifamily property is ideal for a 1031 exchange, offering a great investment opportunity in one of the most desirable markets. Seller is a licensed real estate agent.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,199,200 | $1,199,200 | $1,199,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $875 | $875 | $875 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,809 | $7,481 | $10,039 |
Total Monthly Payment | $7,809 | $8,481 | $11,039 |
* 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.