Investors take note! This fully leased property is a mix of 3 residential apartments on the second floor and four commercial units on the main level. In addition, there is a separate garage building with 4 bays, one of which is leased for storage with the remaining 3 used by the current owner. Lease out the 3 or remove the structure and replace it with a building with additional office/apartment rentals for additional income. The lot itself is . 829 +/- acres and fronts on two streets. Located on busy Cottage Street in Littleton, it is close to its bustling Main Street, the Riverwalk and popular breweries and eateries. With its proximity to Route 93, it provides easy access to all area services and recreational activities. This is a well-maintained building with a new roof in 2022 and will be a strong addition to your investment portfolio. Financial information is available with the signing of a Non-Disclosure Agreement which can be found in the attachment section.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $504,000 | $504,000 | $504,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.490% | 6.654% | 5.752% |
Monthly Tax Payment | $606 | $606 | $606 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,186 | $3,182 | $4,115 |
Total Monthly Payment | $3,884 | $3,880 | $4,813 |
* 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.