CLASSIC BRICK STONE MIXED USE BUILDING, 100% COMMERCIAL AND RESIDENTIAL OCCUPIED, BERKSHIRE EAST PRIME LOCATION Welcome to an incredible investment opportunity in prime downtown Shelburne Falls, mixed-use property offers 4 street-level commercial spaces, 4 apartments above. The first floor has four commercial units occupied by seats in Restaurant with beer and wine license, home goods store, gifting store and art shop. The second floor has four apartments, each unit has three rooms, one bedroom and one full bath. The modern kitchens, hardwood floorings throughout the units. Recent replaced with rubber roof, basement has up dated with cement floor, new driveway and back parking area. Baseboard heating in second floor apartments were up dated last year. Town water and town sewer. 6, 017 square feet of commercial and residential space in charming Shelburn Falls, an everygrowing destination for dining, arts and entertainment, Bridge of Flowers and Salmon Falls are for tours year round
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $681 | $681 | $681 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,376 | $5,911 | $7,972 |
Total Monthly Payment | $6,182 | $6,717 | $8,778 |
* 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.