A truly exceptional building in Lakes Region of New Hampshire with great potential for enthusiastic investor/manager. Minutes to Laconia Airport, Lake Winnipesaukee, 2 golf courses and Gunstock Ski Resort. Restaurateurs - open your own restaurant in corner storefront and cater your own events in the elegant function hall! 10, 000 SF per floor. 50, 300 SF total with basement. Open your own retail store or bar too! Over $400k per year rental income potential when fully rented! 4 retail/restaurant storefronts. Offices and beautiful 3 Bedroom, 1. 5 Bath owners residence on 2nd floor. Dance/Yoga studios and 2 story Function Hall with kitchen. Open space allowing for spectacular condo conversions on top floor, plus Rooftop Bar potential with amazing views! Unlimited possibilities! Two elevators and private parking lot for up to 16 cars. Security System. New furnace. Event hall makes for one of the most incredible music recording studios in New England. Building completely sprinkled & circuit breakers throughout; change of use to residential allowed. Financials upon request.
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$3,499,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,799,200 | $2,799,200 | $2,799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.748% | 6.396% | 6.036% |
Monthly Tax Payment | $1,015 | $1,015 | $1,015 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,894 | $17,235 | $23,433 |
Total Monthly Payment | $17,033 | $18,374 | $24,572 |
* 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.