This storefront property situated on Route 119 in Townsend presents an excellent opportunity for prospective buyers wishing to establish a business. There is a large volume of traffic on this roadway. Although the property is currently zoned for residential use, the owner(s) can seek a special use permit from the Board of Appeals in this zoning area. A new asphalt driveway and parking lot have been installed. While a new electrical service panel has been mounted, it still requires interior wiring and connections. The condition of the heating, electrical, and water systems is not known. Title V/Septic is the buyer's responsibility. Property is being sold "as-is", and the buyer should conduct their own due diligence. Seller will provide financing and will entertain offers with buyer's concessions
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $199,920 | $199,920 | $199,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $229 | $229 | $229 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,364 | $1,329 | $1,686 |
Total Monthly Payment | $1,667 | $1,632 | $1,989 |
* 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.