Prime Location in Thriving Colchester: Welcome to an exceptional opportunity to own a portfolio of commercial condos strategically located in the heart of Colchester, CT. Colchester, renowned for its vibrant community, thriving businesses, and strategic location, offers an ideal setting for your next investment. Package Deal: Acquire a portfolio of 3 commercial condos. A rare opportunity to secure multiple units in one strategic investment. Approx 4, 514 sq ft total. Unit 1: 1, 612 sq ft & Unit 2: 2, 142 sq ft are currently ready for you to occupy or lease out. (Most recent tenants vacated 12/31/23 and were paying $4250/m). Unit 3: 660 sq ft is currently occupied and producing income of $900/m. Versatile Professional Uses: The space is perfectly suited for a variety of professional uses, including but not limited to: -Medical Practices (Doctors, Dentists, Specialists) -Legal Services (Law Firms, Attorneys) -Real Estate Agencies -Financial Services (Accountants, Financial Advisors) and more! This is your chance to secure a lucrative investment in a community with a bright economic future. Whether you're expanding your current business or exploring new opportunities, the 11 Hayward Ave commercial condo portfolio in Colchester, CT is a wise investment. Schedule a viewing and explore the endless possibilities this commercial real estate portfolio has to offer. Act Now- Your Future Awaits! Prime Colchester Location: Benefit from the strategic positioning of these commercial condos in Colchester, a town known for its supportive business community and proximity to major highways, ensuring accessibility and visibility. Impeccable Interior and Exterior Condition: The buildings have been meticulously maintained, showcasing an impressive standard of quality both inside and out. From the welcoming exterior to the thoughtfully designed interiors, these spaces are ready to accommodate your business needs. Thriving Business Environment: Colchester's dynamic business environment, coupled with its growing population, provides an excellent foundation for businesses to thrive. Take advantage of the area's economic vitality and be a part of its success story. Property Features: Spacious Interiors: Each commercial condo offers ample space for various professional uses. Modern Facilities: Enjoy contemporary amenities that cater to the needs of modern businesses. Ample Parking: Convenient on-site parking for clients and employees. Strategic Visibility: Take advantage of prime visibility in a high-traffic area.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
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For homebuyers and sellers, our Attorney Network:
$374,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $299,920 | $299,920 | $299,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.470% | 6.161% | 5.248% |
Monthly Tax Payment | $149 | $149 | $149 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,822 | $1,796 | $2,370 |
Total Monthly Payment | $2,046 | $2,020 | $2,594 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.