With its mixed-use design, this property presents an excellent investment opportunity, catering to both residential and commercial tenants. The property features a versatile layout with two residential units along with a commercial space suitable for a range of businesses. Its proximity to the university makes it an attractive option for students and professionals working in the area. Residents will benefit from a diverse array of shops and restaurants nearby and enjoy easy access to the scenic river walk, perfect for leisurely strolls or outdoor activities. With Lowell experiencing ongoing development and revitalization, this property holds potential for future appreciation, making it an attractive long-term investment.
230 Cumberland Rd, Lowell, MA, 01850
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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