Wonderful opportunity to own this multipurpose property in the heart of Naugatuck's business district. A well established gift and garden center with 3 income producing residential rental units. The owner is retiring and will surely be missed! Business includes four greenhouses which have been a lovely oasis for flowers, garden supplies and gifts, plus an income generating propane pumping station. Apartments include one 2 bedroom and two studio apartments with a current rental income of $2740. Established in 1988, this is a great opportunity for investment and retail opportunity!
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Listing courtesy of Joseph Conforti, BHGRE Bannon & Hebert Email: joeconforti58@gmail.com
671 Rubber Avenue, Naugatuck, CT, 06770
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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