DEVELOPERS/INVESTORS - This property is not only INCOME generating it has loads of income GROWTH! 2nd lot included in sale potential spot for condos to be built. Current building has a penthouse suite on the whole 2nd floor consisting of 7,000 sq ft complete with 4 beds - 2 baths, laundry room, guest bedroom, 10x20 storage room, 900 sq ft office w/ 20x10 deck. Wait there is more - 900 sq ft room partially finished, bedroom 20x20 w/ 10x20 storage room. Potential for separate housing? First floor has cold storage units, office rental space, garages for detailing/car cleaning and retail store in the back of the building. Loads of parking. The location is just off of the downtown and close to access highway either Rtes 2, 12, 117 or 190 as well as area restaurants, shopping, commuter rail and more. Great spot to build out your portfolio and add potentially build add'l housing on the lot for rental or sale.
107 Union St, Leominster, MA, 01453
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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