This 5 unit commercially zoned property is a mix of 1 commercial unit and 4 residential units. It has high visibility as it sits on Rt. 302 but has the charm of Montebello Street's residential feel. The property is easy walking distance to Walmart, Shaws, Foggs Hardware, and Cumberland Farms Here are the recent upgrades to this income producing property; recaulked and stained exterior, installed gutters and downspouts, installed Viessman combo heat and hot water on demand propane boiler, installed new kitchen cabinets in most units, 2 units have new appliances, all have updated stylish bathrooms and a new septic pipe from the building to the town septic line has been installed. That is only a small portion of the updates! With town water and sewer and the hard work out of the way this an income generating investment you need to take a look at.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $287,200 | $287,200 | $287,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $714 | $714 | $714 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,745 | $1,745 | $2,270 |
Total Monthly Payment | $2,534 | $2,534 | $3,059 |
* 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.