OPEN HOUSE SAT 1-3PM** Location, Location, Location! This exceptional mixed-use duplex offers unparalleled access in the heart of downtown, the fastest-growing city in Seacoast New Hampshire by construction starts. Perfect for investors with a potential cap rate of 9. 38% or for entrepreneurs looking to establish their business in a thriving area. Be part of the largest city in the seacoast by both population and land mass, and capitalize on a wave of exciting development projects in a dynamic and flourishing community. The upstairs unit has been completely renovated, exuding character with beautiful hardwood floors and crown molding throughout. The spacious living room features built-in cabinets and high ceilings, while the bedrooms boast large windows that flood the space with natural light and offer incredible views of bustling downtown Rochester. The dining area is adorned with elegant gray wainscoting, white tones, and recessed lighting. Classic architectural details, including curved walls and an archway, lead seamlessly into the kitchen, which showcases an earthy tile backsplash, white finish cabinetry, and tin ceilings. This unit also has the potential to be converted into a 3-bedroom for additional cash flow. The lower commercial unit provides over 1, 000 square feet of open space, ideal for retail or office use. Large front windows ensure ample natural light and visibility, while character abounds with hardwood floors and tin ceilings. Act fast as this will not last.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $359,920 | $359,920 | $359,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.616% | 7.055% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,425 | $2,364 | $3,035 |
Total Monthly Payment | $2,500 | $2,439 | $3,110 |
* 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.