INCOME PRODUCING! OVER $60, 000 NET PER YEAR! TRIPLE NET LEASE. Tired of your money sitting in the bank earning pennies on the dollar? Why not invest in real estate with this amazing income-producing property and start earning a 6. 67% return the day you close? This property is the perfect investment, as it has an amazing location to grow in value and a strong tenant in place earning daily income! Consisting of 5+/- acres this landscape design center NETS over $60, 000/year with a Triple Net lease. With a portable on-site office, this property is ADA-compatible with ramp access and features a conference room, reception area, private office, and restroom. Even better, the office and ramp is leased providing a maintenance-free property. Throughout the grounds, you will find exquisite landscaping, lighting, water features, and brick pavers, as well as, an abundance of irrigation to harvest your own plants or utilize as a staging area for inventory. Located just South of Oxford Downs on US Hwy 301 this site has great access and with over 500’ of road frontage you have an incredible window for advertisement with an average daily trip count of 18, 000+ vehicles. Additional highlights include pole barns for storage. Call or email today to set up your private showing!
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,920 | $719,920 | $719,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,550 | $4,610 | $6,271 |
Total Monthly Payment | $4,642 | $4,702 | $6,363 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.