Rare opportunity to acquire this unique property in Mansfield's opportunity zone. Built in 1860 this property had a variety of uses including a tavern and most recently a dance studio. Updates include two ADA restrooms, and renovations for studios. Huge parking lot next to building as well as additional lot across the street. Great spot for karate, yoga, therapy, internet sales, etc. Located in a residential zone this could be a great project for a single family home or large rental house for nearby UCONN students. Opportunity Zone - Take advantage of Tax Savings
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Listing courtesy of David Mieczynski, National Realty Advisors LLC Email: david@nradvisors.net
12 Merrow Road, Mansfield, (Merrow), CT, 06268
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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