Exciting Commercial Opportunity on Warren Street with 4-Unit Multi-Family Rental and Parking!Step into a world of endless possibilities with this chic gallery space, perfectly positioned to captivate and draw in customers. Boasting large plate-glass windows and approximately 1500 square feet of versatile space, this storefront is a dream for any entrepreneur. The expansive, very dry basement, also 1500 square feet, is accessible from inside the store and through a convenient walkout door at the rear. Above grade with numerous windows, the basement is perfect for a workshop, studio, storage, or shipping area. Delivered vacant at closing, this space is ready for your vision to come to life. Located on busy, low-vacancy Warren Street, the potential here is limitless!Upstairs, you'll find four bright and sunny apartments, each around 700 square feet. These units are designed for comfortable living, featuring a living room, kitchen, bath, and one bedroom. One special unit includes an additional small room perfect for an office or nursery. Each apartment is equipped with separate hot water heaters and electric meters, ensuring tenants are responsible for their own utilities. Parking is a breeze with an assigned spot for each unit, and the appliances are all relatively new, ensuring modern comfort. This three-story gem on Upper Warren Street has been meticulously maintained with numerous upgrades, including a roof that's only five years old and recently purchased appliances in the residential units. There are no major issues left unattended, providing peace of mind for the new owner. Adding to the allure is a rare driveway from Warren Street leading to a private parking area for five vehicles at the rear of the building. Don't miss this incredible opportunity to own a versatile commercial and residential property in a prime location. Your future success starts here on Warren Street!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,295,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,036,000 | $1,036,000 | $1,036,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,801 | $6,295 | $8,534 |
Total Monthly Payment | $5,926 | $6,420 | $8,659 |
* 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.