Unique Offering - a three unit mixed-use building located in the highly visible General Business Zone in Truro on an acre lot with deeded Cape Cod Bay beach rights. The building is best described as a high-end construction, constructed with materials and finishes seldom found in an investment/commercial property. In excellent, well-maintained condition, the property offers the potential for various mixed commercial/residential uses and has fantastic expansion potential because of the generous lot size. The building consists of two two-level office suites with multiple offices, reception areas, bathrooms, a kitchen, and a rear residential unit. Each has its own outside entrance. The larger office also has a lower-level gym, storage, and laundry and could easily convert to a well appointed home. All units are handicap accessible, have interior/exterior access to exclusive basement storage areas and ample parking. The property is served by a private well and septic and also has a rare town water connection to the building that expands the uses to possibly include a restaurant. So many possibilities and multiple revenue streams make this an easy-to-own Cape Cod investment.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,000,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,600,000 | $1,600,000 | $1,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $437 | $437 | $437 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,960 | $9,722 | $13,180 |
Total Monthly Payment | $9,522 | $10,284 | $13,742 |
* 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.