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68 - 74 Sturbridge Road, Charlton, MA, 01507 | $989,900
Calling all investors. This commercial-zoned property consists of 4 buildings on 1-acre with water-frontage on Sibley Pond. The 1st building is a 2-story Commercial building leased to a personal training company with a studio apartment on the top. It has approximately 1, 904 sf. The 2nd building is a 2-story Residential building with 3 units: 1 studio unit in front & a 1-bedroom unit in the back on the 1st FL, and a 2-bedroom unit on 2nd fL with a total 2, 340sf. The 3rd building is a Trailer Home & the 4th building is A-Frame Home both standalone-detached residential properties with 1-bedroom in each. The approximately living space is 418 and 560 sf respectively. In total, the combined gross building area of all structures is approximately 5, 222 sf. Currently, the property is fully occupied with 6 residential units & 1 commercial unit. The 2 billboards are Leased to Clear Channel Communication for an extra $4, 250/yr. Property has been in the same family for 63 years. This is a cash cow.
Features
- Utilities: Private Sewer, Water Available, Bottled Gas
- Parking: 20-car
- Zoning: R40
- Frontage: 344.00
- Year Built: 1990
- Approx Sq. Feet: 5,222
- Acreage: 1
- Est. Taxes: $11,190
- MLS#: 73267108
- Website: https://www.raveis.com
/prop/73267108/6874sturbridgeroad_charlton_ma?source=qrflyer
Listing by George Goulas courtesy of Peoples Broker Realty
William Raveis Family of Services
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
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68 - 74 Sturbridge Road, Charlton, MA, 01507
$989,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
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 | $791,920 | $791,920 | $791,920 |
| 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 | $933 | $933 | $933 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,435 | $4,812 | $6,523 |
| Total Monthly Payment | $5,459 | $5,836 | $7,547 |
* 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
MA Mortgage Lender and Mortgage Broker #MC2630