One or more photo(s) has been virtually staged. Introducing a remarkable mixed-use property available for a NNN lease at 735 17th Street N. Available for IMMEDIATE move in! This versatile space offers an exceptional opportunity for investors and business owners alike. The building is currently being built out as a mixed use property comprised of three (3) separate units: (1) A 2, 000 SqFt first floor office space with waiting room and full bathroom, (2) A 460 Sqft first residential studio apartment, and (3) a 560 SqFt second floor studio loft with beautiful vaulted ceilings. Each of the three units will have their own private ingress and egress. For the business owner, utilize this amazing property to run your business, house some of your employees, or reside on the property yourself. For the investor, seize the opportunity to leverage this property for rental arbitrage, allowing for separate leasing of the residential units and office space. Whether seeking a strategic investment or a tailored space for business operations, this property presents numerous mixed-use options to suit a range of objectives. Don't miss the chance to explore the potential of this adaptable property. There are still lots of opportunities to build out this space to fit your investment and business needs. However, do not wait, because the build out is currently in progress and tenant autonomy for build out is still an option!
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $60,400 | $60,400 | $60,400 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $273 | $273 | $273 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $402 | $401 | $509 |
Total Monthly Payment | $749 | $748 | $856 |
* 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.