Great investment opportunity in one of the premiere Old Saybrook locations. Easy access to Interstate 95 and Route 1. First floor is occupied by a well known hair salon and spa. Second floor has the possibility of residential rental and office space. Third floor is occupied by long term professional businesses. There is a back parking lot with 25 parking spaces and has the possibility of further development to enhance the income. The building has a full sprinkler system with associated central station alarms. The location is situated in walking distance to restaurants, shops and markets. Old Saybrook is listed as one of the best shoreline towns to live in and hosts many events such as concerts, and fun activities for all ages. The Kate is across the street which attracts people from all over the state.
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125 Main Street, Old Saybrook, CT, 06475
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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