Excellent opportunity for an investor or entrepreneur looking to start their own business!! Highly visible storefront on main thoroughfare in downtown with income-producing apartment on 2nd floor. 1st floor was formerly a restaurant and would be perfect for an eatery, office space, hair salon, barber shop, variety store, florist or a number of retail possibilities. It has an eating area that seats 20-25, service counter, full kitchen with ANSUL system, newer lavatory and 2 storage closets. The 2nd floor is a rented 6 room, 4 bedroom apartment with a full bath and lavatory. Both units have separate heat, hot water and electric service (200A). There is also a full basement with interior access from the 1st floor unit. In the front of the building is 1-hour on-street parking and approx 70 car municipal lot in the rear with free 3-hour parking. This is a turn-key opportunity!
160 Elm Street, Westfield, MA, 01085
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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