MIXED USE PROPERTY! Nestled in a prime location, this versatile property combines comfortable living with a unique business opportunity. The SINGLE-FAMILY HOME includes eat-in kitchen, bright and airy living spaces, and ample bedrooms for your family’s needs. Storage is abundant, with a DEDICATED STORAGE AREA to keep everything organized! The attached take-out Chinese restaurant has a 10-year history of a turn-key operation, boasting a fully operational commercial kitchen, a customer-friendly service area, dining area and high visibility to attract patrons. Whether you're an entrepreneur looking to run your own business or a family seeking a home with added income potential, this property HAS IT ALL! Conveniently located near major routes and amenities, it offers the PERFECT BALANCE of RESIDENTIAL COMFORT and ENTREPRENENEURIAL opportunity. Seize this UNIQUE CHANCE to LIVE and WORK all in ONE PLACE!
Type | Level |
---|---|
Bedroom 2 | Second |
Bedroom 3 | Second |
Bedroom 4 | First |
Kitchen | First |
Living Room | First |
Master Bedroom | Second |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $380,000 | $380,000 | $380,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $452 | $452 | $452 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,496 | $2,526 | $3,205 |
Total Monthly Payment | $3,023 | $3,053 | $3,732 |
* 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.