Investor special. Blank slate ready for your creation. Bring your imagination for this 3388 square foot custom one-level ranch house/building. The structure has external walls and roof only with space inside being clear span, open and ready for your own creation. Unlimited potential as either a large single-family dwelling, duplex, tri-plex, business or whatever you decide you want it to be. The framing and joists in this building are sturdy and level. The floors are reinforced to sustain heavier than average weight. New roof installed last year. The building has had multiple uses over the years from a textile business to a music venue. Options are endless. Located in the back of a quiet established neighborhood. Newly remodeled house next door. Power is on. Water has never been connected to the building, but there is public access close by. Would need to have septic installed. Lot is approximately a half acre.
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Our Executive Mortgage Banker:
Our Insurance Division:
$150,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $120,000 | $120,000 | $120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $11 | $11 | $11 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $798 | $798 | $1,029 |
Total Monthly Payment | $884 | $884 | $1,115 |
* 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.