This attractive mixed-use property in Chestnut Hill’s Heath School neighborhood combines residential and commercial rental opportunities in a sought-after location near Boston. With four fully rented units—one commercial space occupied by a women’s consignment store and three residential units—it is an appealing investment. The residential layout includes spacious units on the second and third floors, each featuring two full bathrooms and balconies, adding desirable outdoor space. The top-floor unit, a one-bedroom, has the potential to be converted into a two-bedroom, further enhancing the property’s value. Tenants benefit from separate utility systems for each unit, individual parking spaces, in-unit washer/dryer hookups, and coin-operated laundry in the basement. Proximity to Boston’s educational and medical institutions—including Boston University, Boston College, Brookline Village, Children’s Hospital, and Brigham and Women’s Hospital—plus a variety of stores, restaurants
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$2,180,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,744,000 | $1,744,000 | $1,744,000 |
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 | $2,009 | $2,009 | $2,009 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,766 | $10,597 | $14,366 |
Total Monthly Payment | $11,900 | $12,731 | $16,500 |
* 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.