Rare opportunity to own an Over sized Industrial Lot an with an oversized Garage and an updated single family ranch on separate parcel both zoned Industrial by the Town of Agawam, MA for over 3/4 of an acre of land. The oversized 2 Bay garage with 2 10 foot high, 12 foot wide Garage doors with a steel beam and chain host and an 18, 341 square foot yard. 220 electrical service, great for welding. Newer roof. The entire property is zoned Industrial which allows many uses. Now lets talk about the ranch. Its spacious, three bedroom, two bath home with over 1700 square feet of living space. The basement is renovated adding additional living space. Updated kitchen and baths. Gas forced hot air, central air, newer windows, newer roof and newer siding. Solar panels drive your energy costs down. Space is renovated and move in ready. Gazebo in the back yard. House is leased til May 2025 for $3000 a month. Garage is rented for $2000 a month. Gross revenue is $60, 000 a year.
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Our Executive Mortgage Banker:
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$499,900
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 | $399,920 | $399,920 | $399,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,661 | $2,658 | $3,373 |
Total Monthly Payment | $2,736 | $2,733 | $3,448 |
* 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.