Amazing opportunity to acquire a 15, 000+ square feet commercial asset located in a prime Waterbury location. Conveniently located minutes from Route 8 and I-84, this 2-story brick building was built in 1974 and has been extremely well- maintained both inside and out. Pride of ownership abounds in this Bunker Hill gem. With 95% Occupancy (1 Vacancy), this asset is cash-flowing, setting up a buyer for immediate success upon purchase. With some tenants being sub-metered, you have the ability to bill back for utilities. The Seller also installed solar panels (noted in financials) to support in keeping expenses low! The property has offices ranging from ~200 sq ft through 4, 950 sq ft, allowing for a diverse tenant base and variety of professional uses. Some units have private baths and/or common spaces to enhance the tenant experience. The asset also boasts a large parking lot to support the tenants and their clients/guests, as well as, expansive views of the city of Waterbury. There is central air conditioning and gas forced air for heat. If you are looking for a solid investment with minimal maintenance and management needs, this is the one for you!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,680,000 | $1,680,000 | $1,680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $2,734 | $2,734 | $2,734 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,671 | $10,619 | $14,177 |
Total Monthly Payment | $12,530 | $13,478 | $17,036 |
* 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.