Formerly home to the Blackwater Diner, this property holds a special place in the heart of the Andover community. With a well-established location and a loyal customer base, it’s ready for a new owner to bring their unique vision and revive this beloved spot. The landlord is open to making leasehold concessions to assist with any desired interior cosmetic updates, making it easier to add your personal touch to the space. Recently, the front foyer was completely torn down and rebuilt, providing a fresh look. The equipped kitchen, including all appliances as shown, is included in the lease. To the best of the landlord's knowledge, all equipment shown is in good working order, setting up the next operator for immediate success. This property is a fantastic opportunity to continue a legacy in a turn-key space with strong community roots. Equipment included: Kitchen hood, fire suppression system, 6 ft grill, 4-bay fryolator, and a 6-burner stove with oven
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $24 | $24 | $24 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $0 | $0 | $0 |
Total Monthly Payment | $75 | $75 | $75 |
* 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.