The Lane Block Building - Twenty retail and office units currently leased with some of the tenants being in the building for decades. Proposed condominium conversion plan shows thirteen units could be created at the time prepared. First floor is a mix of retail (Hampton Hardware) and hospitality (Hagen's Grill) A second building on the site houses two hair salons in separate units and there are 16 parking spots on site for tenants and employees as well as curb-side parking and an enormous town public parking lot opposite the building for additional parking during peak periods of usage in the building. Excellent income and the building is in turn-key condition with an experienced and fastidious investment property owner keeping the property and grounds in excellent condition. Income and expenses released after a buyer signs a non-disclosure agreement. Real estate and land only. No businesses are being offered with this sale. By advanced appointment only. Survey and floorplans on file.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,055,200 | $2,055,200 | $2,055,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,264 | $1,264 | $1,264 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,669 | $12,822 | $17,204 |
Total Monthly Payment | $13,058 | $14,211 | $18,593 |
* 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.