Once the Ripley family home, owners of The Troy Blanket Mill, who had the longest continuous family ownership of a textile manufacture company in NH. Many of the elegant features remain with the building now attractively serving as the dwelling for 5 families. The grand oak staircase and paneled walls, intricate filigree wood details, tile fireplaces, stain glass windows and hardwood floors are some of the features that standout among the rest. The 3rd story of the building is app. 1250 sq. feet and an open canvas with views over the landscape. All permits are in place for the construction of 2 additional 1-bedroom apartments. There is also a 2-Car garage that is currently used as storage by the owners, but could potentially be rented. The parking is paved and has space for 11 vehicles. The tenants enjoy the quick 10 minute drive into Keene, or the short walk to the Troy Common where there are many activities. This is an investors opportunity to complete the work that has been approved and become owners of a profitable 7 unit apartment house. Projected net annual income includes garage rental and the 2 additional apartments (proposed floor plan layout in photos).
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $718 | $718 | $718 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,767 | $3,717 | $4,716 |
Total Monthly Payment | $4,577 | $4,527 | $5,526 |
* 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.