Discover the potential of this prime mixed-use commercial property, ideal for entrepreneurs & investors alike. The main level is designed for professional use, featuring a welcoming reception/waiting area, 5 private rooms/offices, & a storage room. This setup is perfect for a variety of businesses, offering a ready-to-go office space to generate immediate business income. The property also includes a second floor apartment w/ 3 bedrooms, an eat-in kitchen w/ a breakfast bar, ample cabinet space, & screened porch. This residential unit provides an excellent opportunity for rental income, adding a steady revenue stream. Key features include a 6-car detached garage, two storage units & ample off-street parking, ensuring convenience for clients and tenants. With close proximity to Rt 495 and the downtown area, your business will be easy to find! Capitalize on this unique mixed-use property to maximize both business and rental income opportunities in the thriving community of Westborough!
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$995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $937 | $937 | $937 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,457 | $4,837 | $6,557 |
Total Monthly Payment | $5,486 | $5,866 | $7,586 |
* 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.