This rare opportunity has a mix of both residential and commercial potential, perfect for someone looking to live and work from the same property. Situated on over 1 acre, this property includes a spacious 3-bedroom, 1. 5-bathroom house with oil heat and an attached commercial space. Commercial Features: 3 bay doors with lifts, perfect for an auto shop or other business. Includes office space. Alignment and tire machines available (current loan arrangements can be discussed). Heated shop space with gas heating for year-round comfort. Various tools and machines included to kickstart or continue your business operations. The business name is available for transfer, offering built-in brand recognition. Owner financing may be available, making it easier to get started with this income-generating opportunity. Residential Features: A comfortable 3-bedroom, 1. 5-bath home with plenty of space for a residents. Expansive property gives you plenty of room for growth or outdoor activities. Additional Perks: Great income potential with the ability to live and work from one location. Convenient location with easy access to local amenities and highways. Don't miss out on this unique opportunity to own a versatile property that combines both residential comfort and business potential! Buyers/buyers agent to perform their own due diligence. Additional documents and information available for serious inquiries.
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William Raveis Real Estate
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Contact@raveis.com
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $423,200 | $423,200 | $423,200 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $440 | $440 | $440 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,816 | $2,813 | $3,569 |
Total Monthly Payment | $3,348 | $3,345 | $4,101 |
* 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.