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Exceptional multi-use 1. 93-acre Riverfront property. Well established storage/warehouse business & 2 apartments with river views. Located in the heart of Mt. Washington Valley, this building site is picturesque throughout the four seasons overlooking the Ellis River, which sparkles a mere 20-feet from the east side of the building offering spectacular views of the river (600 ft frontage with stone stairs & private beach), local wildlife & trout fishermen. There are two apartments and many various sized storage units: 1st Floor Apt - Beautifully decorated two-bedroom unit with two heated garages is well-appointed & is used as a home for the present owner. This apartment was designed to bring the outdoors in with views to the river from all rooms. Meticulously cared for with many custom features. The first-floor apartment could be easily rented to generate even more income, if not used for the business owner’s residence. 2nd Floor Apt - 1 & ½ bedroom unit with an inside heated garage included. Storage areas: There are 46 storage units -24 inside (heated) & 20-8' x 20' & 2-8' x 40' outside set on recycled hot-top pads. The outside units are attractive steel shipping containers that were bought new (each having 8 ventilation vents) that are in excellent shape & are arranged for easy access. This properties’ commercial rental income is excellent & boasts a 99% occupancy rate with income increases over the past three years. This is a unique property that offers many opportunities!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $1,356,000 | $1,356,000 | $1,356,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | $234 | $234 | $234 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,021 | $8,571 | $11,627 |
Total Monthly Payment | $8,380 | $8,930 | $11,986 |
* 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.