You must see this large mixed-use building located on bustling, Route 140. This expansive property boasts a versatile layout and ample space, making it suitable for a myriad of commercial possibilities that would benefit from high visibility and easy accessibility. The interior of the building is designed to accommodate a variety of business needs and has a flexible layout that can be easily customized to suit your requirements. It currently has good office AND warehouse space and could easily be converted to other uses. The building's strategic location and adaptable design present excellent opportunities for business growth and expansion. The residential unit is a 1 bedroom apartment with just under 1000 sq feet of living space in good condition. The property is approx. 6 miles RTE 495;15 miles to Worcester, 17 miles to the Mass Pike, 29 miles to Providence. Seller is willing to offer financing up to 20% to assist interested Buyers!
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $515,920 | $515,920 | $515,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $483 | $483 | $483 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,476 | $3,429 | $4,351 |
Total Monthly Payment | $4,051 | $4,004 | $4,926 |
* 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.