147 Merrimac St, #7-8, Newburyport, MA, 01950 | $2,800

This 850 square foot commercial space is made up of two combined commercial condos, units 7 & 8. This space can be used for retail or office space. There is a bright and open reception area with work stations, a large conference room with a wall mounted television screen for presentations, a private office with it's own exterior entrance and a storage closet and bathroom. The heat and lighting is all electronically controlled through your smart phone and the space. The heat is natural gas forced hot water and the AC is a wall mounted AC unit that cools the whole space. Triple Net Lease, Tenant is responsible for taxes, condo fee and utilities of $208 condo fee a month includes, master insurance, water and sewer, exterior maintenance and snow removal. This is a prime location with maximum visibility and signage. List agent is the owner of the unit.

Features

  • Utilities: Public Water, Public Sewer, Natural Gas Available
  • Zoning: OFF CONDO
  • Year Built: 1850
  • Est. Taxes: $1,666
  • HOA Fee: $208
  • MLS#: 73318792
  • Website: https://www.raveis.com
    /prop/73318792/147merrimacst_newburyport_ma?source=qrflyer
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Douglas Danzey courtesy of exp Realty   Phone: 888-854-7493

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NMLS Mortgage Loan Originator ID 1500191

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Kate.Rockett@raveis.com

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147 Merrimac St, #7-8, Newburyport, MA, 01950

$2,800

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Kate Rockett

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $2,240 $2,240 $2,240
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.300% 6.778% 6.034%
Monthly Tax Payment $139 $139 $139
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $15 $14 $19
Total Monthly Payment $229 $228 $233

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.