"OWNER-FINANCED OPPORTUNITY" MODERN 10, 000 SQ FT INDUSTRIAL BUILDING. . . GREAT LOCATION! WOLCOTT/WTBY- YES! OWNER FINANCING! Opportunities like this are rare! The owner is retiring and agreed to seller-finance this building to a qualified buyer with 20% down. THE PROPERTY is approximately 10, 000 sq ft. with an impressive location on Townline Rd, Wolcott/Waterbury line. Presently used as a marine /boat dealer but is perfect for many other uses. It's in move-in condition and the owner would be willing to lease back some space if possible (but not necessary). Block and steel construction, 3-phase electric, fully equipped shop space with shelving, tool walls, well-illuminated lighting, separate entrances that can accommodate multiple tenants if you want rental income, 2-story high ceilings, huge oversized garage doors, epoxy-finished floors, 2, 500 sq ft of finished offices. There is a separate 1, 000 sq ft building included with the property. City sewers and water , low taxes, easy drive up paved parking lot. One-of-a kind opportunity that will not last. Owner can vacate in 30 days or do a partial lease-back. If you are looking for a deal. . . . Bring your check book on this one!
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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 | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $693 | $693 | $693 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,602 | $6,068 | $8,101 |
Total Monthly Payment | $6,420 | $6,886 | $8,919 |
* 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.