Currently for Lease and For Sale; 159 Washington is an opportunity for interested tenants and investors. Available to lease for $3, 600/month. A professional Retail property with office potential. The charming, historic building in recent years has seen many improvements including a new roof, full exterior paint, landscaping, a new boiler, new 14 KW generator and more. Ample private parking lot for co-workers and/or customers. Located on Route 53 in Norwell, for many years the property was a Tile and Kitchen design center. Tenant pays all utilities. Plenty of storage inside and out with room to expand; individual offices upstairs also with 2 bathrooms on the 2nd floor and one on the first. Possible to convert some of the plot/land to additional usable outdoor space, landscaper. Contact the listing agent with questions or to schedule a showing. Buyers to perform all due diligence.
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.335.8179
Michael.Cartier@raveis.com
NMLS Mortgage Loan Originator ID 1017266
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $2,760 | $2,760 | $2,760 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $838 | $838 | $838 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $19 | $18 | $23 |
Total Monthly Payment | $932 | $931 | $936 |
* 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.