Discover a unique opportunity to own a prime piece of Stratford commercial real estate. This 2 unit property situated on a spacious . 45 acre lot offers a plethora of possibilities for savvy investors or aspiring entrepreneurs. Two homes featuring 2 distinct structures including a large front home and the iconic Little Red School House. The front home is currently being utilized as a tattoo shop by a locally famous group of artists. Leased until 10/1 at $4, 000 per month. Artistic touches abound throughout the property with custom banister, balustrades and unique flooring adding character and "cool vibes. " The versatile layout offers 3 floors of living/workspace - endless potential for various business ventures. 1st floor boasts reception area plus 3 rooms with hardwood floors ideal for creative pursuits, full bath and kitchenette area. 2nd floor houses 5 work spaces and stylish 1/2 bath. 3rd floor is an open area with 1/2 bath, kitchenette area, soaring ceilings and additional storage and workspaces. The charming little red school house structure is perfect for additional workspaces for your creative endeavors or office spaces. Check out the floor plan for ways to utilize this charming and functional space. With over 17 parking spaces plus 2 exits, accommodating clients and customers will never be an issue. All this situated on prime Main Street location enjoying high visibility and easy access making it an ideal location for wellness center, yoga studio, art gallery, Airbnb or whatever your dreams and imagination can conjure up! Do not miss out on the chance to own a piece of Stratford's cultural history and transform this property into your dream business venture. Main house can be sold separately mls number 24010720.
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,920 | $719,920 | $719,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
Monthly Tax Payment | $1,240 | $1,240 | $1,240 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,374 | $4,729 | $6,271 |
Total Monthly Payment | $5,706 | $6,061 | $7,603 |
* 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.