INVESTMENT OPPORTUNITY - Rare historic building (The Taftsville Country Store) that is an opportunity awaiting with multiple income streams in the village of Taftsville just 5 minutes to the quintessential New England town of Woodstock! The property has 4 (5 potential) units including a gracious store space with bathroom that is approved for use as a restaurant, café, or small retail store. The second unit is a Post Office with current lease for 3 more years. The third unit is a 1 bedroom, 1 bath apartment (designed and approved for 2 bedroom, 2 bath) with an excellent AIRBNB rental history. The fourth unit is a 3 bedroom, 2 bath apartment which could be rented long or short term or owner occupied to offset living expenses. There is space for a fifth unit which has been designed and planned as a studio apartment which would be suitable for short term/residential rental. Current owners have redesigned, expanded, and paved the parking lot to include 27 parking spaces and EV Conduit for 2 charging stations that can accommodate 4 vehicles (not installed), ADA access to building, and an ADA accessible restroom are designed (not built). Significant investment has occurred on infrastructure and heating plant and all approvals are in place for future remodeling/restoration. Historic Preservation tax credits available. Property boasts pleasant exterior patio views to the Ottauquechee River & Taftsville Covered Bridge. Come with a vision for the "store" and make an opportunity happen!
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$2,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
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% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $583 | $583 | $583 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,960 | $9,851 | $13,287 |
Total Monthly Payment | $9,667 | $10,558 | $13,994 |
* 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.