Situated across from June Caron Park, Nashua River, at the corner of Cottage Avenue and Temple Place, this well-maintained and fully occupied 7-unit property comprises of 4 studios and 3 one-bedroom apartments, with one bathroom each. Recent updates to systems include: two new Forced Hot Air systems and two new boilers installed in 2023. Parking in front of the building and street parking available. Recent upgrades also include a new front staircase, a new multi-mail bow, and a new common area carpet. Situated just steps away from June Caron Park, residents enjoy easy access to green spaces for walks or picnics, while also being within close proximity to a vibrant downtown dining, shopping, and entertainment options that Nashua offers. Investors will appreciate the property's prime location and its potential for growth. Perfect for 1031 exchange. Seller is a licensed realtor.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $302 | $302 | $302 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,197 | $4,546 | $6,069 |
Total Monthly Payment | $4,591 | $4,940 | $6,463 |
* 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.