1950 Main Street, Stratford, CT, Connecticut, property flyer

1950 Main Street, Stratford, CT, 06615 | $469,000

What's up Doc? Walk-ins welcome for this ideal Live-Work opportunity. Classic Main Street, a location amidst all the action of the Stratford Historical District. Mixed-use RS-4 district allows for continued use of the property as it is currently configured with a first floor professional space and second floor rental apartment. Ample paved off street parking on site. The office space is approx. 1, 348 sq ft and includes a reception area, two powder rooms, six individual offices, and a reception office space. The rear entrance has a ramp for wheelchair access. The second floor apartment is approx. 1, 088 sq ft offers two bedrooms, a full bath with a step in shower, kitchen, living/family room and an additional 1, 088 sq ft of finished, unheated space on the third floor. Zoning regulations specify "not more than one non-resident employee on premises". Signage is allowed. Professional spaces designation provided for accountant, architect, artist, dentist, designer, engineer, lawyer, physician, real estate, computer based business, insurance or similar professional. See town zoning regulations for full details. Apartment is currently rented for below market rent of $1, 400/mo for 17 year tenant. One utility meter for the building. Gas heat, city water & sewer. Property being sold As-Is. See floor plans for rooms and room sizes. Expenses: Town of Stratford Sewer - $968/year, Town of Stratford Real Estate Taxes - $12, 013. 26, Winter Bills: SCG January $328. 13, UI January $222. 89 and Aquarion December $40. 85.

Features

Current Use: Office Space & Residential Apartment
Permitted Use: Per Planning and Zoning - House can be converted to Single Family
Utilities: Electric,Gas,Cable
Heating: Hot Water
Cooling: Central Air
Units: 2

Zoning: E-14
Frontage: Municipal Street,Paved Road
Year Built: 1942
Approx Sq. Feet: 2,708
Acreage: 0.2
Est. Taxes: $10,921

Lot Desc: Level Lot
MLS#: 24024922
Days on Market: 145 days
Website: https://www.raveis.com
/prop/24024922/1950mainstreet_stratford_ct?source=qrflyer

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Listing courtesy of Re/max Heritage

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NMLS Mortgage Loan Originator ID 81725

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1950 Main Street, Stratford, CT, 06615

$469,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

	5/6 (30 Yr) Adjustable Rate Conforming*	30 Year Fixed-Rate Conforming	15 Year Fixed-Rate Conforming
Loan Amount	$375,200	$375,200	$375,200
Term	360 months	360 months	180 months
Initial Interest Rate**	7.000%	6.990%	5.990%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	7.563%	7.159%	6.276%
Monthly Tax Payment	$910	$910	$910
H/O Insurance Payment	$75	$75	$75
Initial Principal & Interest Pmt	$2,496	$2,494	$3,164
Total Monthly Payment	$3,481	$3,479	$4,149

* 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.