Nestled within the thriving Centerville Business Complex, the professional office condominium at 1645 Falmouth Road Unit 9D offers an exceptional opportunity for businesses seeking a strategic and efficient workspace. Priced at a competitive $59, 000 for purchase or $575 per month for lease, this 500 square foot unit presents a cost-effective investment in a bustling commercial area. Built in 1983, this condominium boasts a functional design with two rooms that are perfect for private offices or collaborative workspaces. The interior features durable carpeted floors and drywall, providing a professional and welcoming environment for clients and employees alike. The electric baseboard heating ensures comfort throughout the year, making it an ideal setting for productivity. Strategically located, the property benefits from split zoning (RC, HO, HB), accommodating a variety of business uses and offering flexibility for future growth or changes in business needs. The shared bathrooms and modest interior amenities reflect a practical approach to office design, ensuring low maintenance and operational costs. One of the standout features of this property is its affordability. With a total assessment value of $61, 700, this office condominium represents a sound financial decision for startups, small businesses, or those looking to expand their presence in the Centerville area without the hefty price tag of larger commercial properties. Whether you're purchasing or leasing, 1645 Falmouth Road Unit 9D stands out as a prime location that balances affordability with functionality, all within a vibrant business community. Secure your professional space today and elevate your business operations in this ideally situated and well-appointed office condominium.
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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 | $47,200 | $47,200 | $47,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $37 | $37 | $37 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $322 | $314 | $398 |
Total Monthly Payment | $434 | $426 | $510 |
* 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.