The property is in an Industrial and commercial zone and the residence is grandfathered. Currently, it is rented as a single-family house month to month. The house is 2 / 3-bedroom 1 bath, 1260sqft on almost an Acre or more than 41, 818sqft of dry land, 175 feet of frontage on busy Route 125 in Brentwood New Hampshire. The daily automobile count is around 15k to 20k. The house was rebuilt in 2014 from studs up with commercial codes. The electric power was upgraded to 200 amps. The location is hard to come by. It is 5 to 15 minutes from Highway 101, 93, and 95. It is 10 minutes from the AMTRAK train station and the world-famous Exeter Philips Academy. Brentwood has one of the best school systems in New Hampshire. Walking distance to all amenities. Less than an hour from Boston and 20 minutes from beautiful beaches. The property can be used for Industrial and commercial projects. Many businesses surround the property. Used car lots, storage places, restaurants, stores, Business Condos, many drive-through fast food restaurants, Gas stations, Dunkin Donuts, Marshal, Auto part stores, Market Basket, Walmart, Lowes, Oneil Movie theater, New Hampshire State Liquor Store and many more. The property can generate thousands per month of income for a lifetime with commercial use. The property is located on the highest spot on Route 125 in Brentwood, making flooding impossible. It is one of the most stable real estate markets. Some surrounding properties are listed for 2 to 2. 5 million.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.243% | 7.171% | 6.518% |
Monthly Tax Payment | $596 | $596 | $596 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,656 | $2,653 | $3,423 |
Total Monthly Payment | $3,327 | $3,324 | $4,094 |
* 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.