LAUNDROMAT BUSINESS and REAL ESTATE currently OPERATING. *lender owned* NON - QUALIFYING FINANCING IN PLACE WITH 1/3 DOWN - INCLUDES A $30,000 RENOVATION ESCROW. Seller financing with $165,000 down for both the business and the real estate. Presently there exists 26 washers and 20 dryiers, a change machine and a soda machine. Taftville has over 3,100 dwelling units. A Pro Forma was produced by an independent outside company showing that this business could be a huge money maker. Quick closing possible.
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Listing courtesy of Alexis Devlin, Berkshire Hathaway NE Prop. Email: alexisdevlin@bhhsne.com
15 North 2nd Avenue, Norwich, (Taftville), CT, 06380
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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