Ready to sell with this new price! Great cap rate for this A+++ location. Attention Investors and end users. This retail condo comes with a secured parking space, exclusive usage basement, and one half bathroom. This is the only convenient store among many Harvard student dorms. The current tenant runs a very prosperous business which will provide the new owner a steady rent for now and will command much higher market rents after current lease expires. This Beer and Wine Convenient Store used to be named "Louie's Superette" for 50+ years until "Louie" retired 4 years ago. Generations of Harvard graduates had fond memories of this family run little store. This is an Estate Sale. Closing is subject to license to sell by Norfolk County Probate court.
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26-28 Surrey St, #5, Cambridge, (Riverside), MA, 02138
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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