Welcome to a unique mixed-use property that offers both residential and commercial opportunities in a highly desirable neighborhood! This exceptional property features two distinct buildings on a spacious lot, making it a perfect investment or living arrangement. The first building is a two-family home, designed for comfortable living. The second floor boasts a well appointed townhouse-style apartment featuring three generously sized bedrooms, providing ample space for both relaxation and productivity. The first floor of the two-family home offers an additional apartment that is equally inviting, making it ideal for multi-generational living or as a rental opportunity. Adjacent to the residential building, you'll find a small, well-established diner that is currently rented out. This diner has been a cherished local establishment, serving delicious breakfasts and lunches to the community. The current tenants express a desire to stay, allowing for continued income potential while enjoying the benefits of a vibrant local business right at your doorstep. The expansive lot provides plenty of parking for tenants, ensuring convenient access for both residents Whether you're looking to enjoy a great breakfast each morning or to invest in a lucrative property, this mixed-use investment provides endless possibilities. Don't miss your chance to own this multifaceted gem in an attractive area, where you can live, work, and thrive! Also, being sold as a Multi Family MLS # 1367517
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$415,000
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 | $332,000 | $332,000 | $332,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $506 | $506 | $506 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,293 | $2,207 | $2,800 |
Total Monthly Payment | $2,874 | $2,788 | $3,381 |
* 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.