Attention investors, moneymaker opportunity in the village of Schoharie. Mixed use building with large commercial space on the first floor (was two businesses yrs ago) and 3 apartments fully rented with all tenants interested in staying. This brick building is centrally located in the village of Schoharie just across the street from the County Buildings, Court House and DMV. Municipal water and sewer, large lot in back for parking. Catering business on the first floor $1000 per month, large 3 bedroom apt on second floor $900 per month and two 1 bedroom apartments on the 3rd floor are $600 each. Tenants pay utilities, electric baseboard heat, separate meters and water heaters. Front and rear entrances for all, rear covered entrance for upstairs apts. Deep lot provides plenty of parking, fire and smoke alarm, catering business not for sale and owns all equipment, seller owns counter and church pew, apartments include appliances 3 stoves, 3 refrigerators, all separate electric, 1st floor 200 amp, other apartments, 100amp, 100amp and 125 amp. Fire and smoke alarm system on lobby area. Annual gross $37,200 ROI 6.6% Details available.
293 Main Street, City Not Found, (Schoharie), CT, 12157
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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