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85-87 Main Street Street, Fair Haven, VT, 05743 | $848,000
Investors take note of this nicely maintained 4 story brick commercial building that has a first floor commercial rental that consists of approximately 1800 sq. feet and it has been used as a Cafe for years now its a retail business. The second through fourth floors have a total of 9 one bedroom apartments, having 3 on each floor and having access via stairs or elevator. The current rental income and expenses are producing an 10 plus cap rate. The building was modernized in the 1980's and has 2 Dedietrich oil fired boilers, 2 meters, insulated double hung windows in residential units, 2 sixty gallon hot water makers off boilers, membrane roof, all residing on a 50x61 commercial lot that is directly across from the well known park and offers great street exposure. Prime time to purchase in downtown Fair Haven as there has been a lot of interest in various business's wanting to establish in town. A downtown revitalization committee has been formed to draw more people to downtown. The towns central park holds numerous yearly functions producing large gatherings to the town. Now is the time to invest in downtown Fair Haven. HAP contract in place, so hardly any vacancies available in the residential units. Gross income $124, 800 NOI is over $79, 481
Features
- Bedrooms: 8
- Baths: 9 full
- Units: 10
- Style: Apartment Building,Multi-Family
- Year Built: 1892
- Heating: Oil,Baseboard
- Cooling: Multi Zone
- Basement: Concrete Floor,Full
- Approx Sq. Feet: 9,600
- Acreage: 0.07
- Est. Taxes: $10,719
- Lot Desc: City Lot,Corner
- MLS#: 5025060
- Website: https://www.raveis.com
/prop/5025060/8587mainstreetstreet_fairhaven_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/22/2024Listing courtesy of Watson Realty & Associates Phone: 802-773-3500
Listing Agent: Mike Kalil
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
85-87 Main Street Street, Fair Haven, VT, 05743
$848,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Brian Skelly
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $678,400 | $678,400 | $678,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
| Monthly Tax Payment | $893 | $893 | $893 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,959 | $4,288 | $5,725 |
| Total Monthly Payment | $4,944 | $5,273 | $6,710 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484