Exciting Investment Opportunity in Downtown Campobello! Presenting a unique blend of commercial potential and residential income, this property offers a lucrative proposition for savvy investors. Nestled just off the vibrant Main Street, this commercial parcel boasts a versatile three-bay mechanic shop, perfectly positioned to capture bustling foot traffic and automotive enthusiasts alike. The main highlight of this property is its charming single-family home, already generating a steady monthly income of $1200. With its cozy appeal and desirable location, it's an attractive prospect for tenants seeking a convenient urban lifestyle. Strategically situated amidst a thriving commercial hub, this property benefits from its proximity to essential amenities. A gas station conveniently situated across the street ensures easy access for customers, while a tire shop just a mile down the road adds to the area's automotive appeal. Whether you're looking to expand your investment portfolio or establish a thriving business in a prime location, this property offers the ideal foundation for success. Don't miss out on this rare opportunity to capitalize on the booming Campobello market. Schedule a viewing today and unlock the potential of this remarkable property!
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $279,920 | $279,920 | $279,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $383 | $383 | $383 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,933 | $1,886 | $2,381 |
Total Monthly Payment | $2,391 | $2,344 | $2,839 |
* 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.