**AS IS**SELLER MOTIVATED**THE ABILITY TO DEVELOP COMMERCIAL & RESIDENTIAL*01B4 MU* PERFECT FOR THE SAVY INVESTOR ** This historic property, situated on a double lot with direct frontage on Railroad Avenue, offers the ability to develop both commercial and residential spaces. The residence boasts a rich history, with the downstairs previously used as a Post Office and Restaurant Equipment Supply Store, while the upstairs serves as family dwelling space with ample attic storage. The outbuilding once served as a horse and bridle store. This property presents a unique opportunity and a prime location with its flexibility for various uses, including Mixed-Commercial-Land, Office, General Store, Convenience Store, Single/Multi-Family Residential, could make a quaint Bed and Breakfast or other limitless possibilities. The versatility adds value and possibilities for expansion, making it an attractive investment for those looking to capitalize on its strategic location and adaptable infrastructure. Zoning: 01B4 Mixed Use 1210-MIXED-COM LAND The buyer and the buyer's agent are responsible for conducting all due diligence and verifying all records and any anticipated intended use and/or zoning requirements pertinent to buyers needs. All information provided is deemed to be reliable, but is not guaranteed.
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$388,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $310,400 | $310,400 | $310,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $67 | $67 | $67 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,065 | $2,063 | $2,661 |
Total Monthly Payment | $2,207 | $2,205 | $2,803 |
* 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.