Property is back on the market due to prior buyers’ inability to secure financing. This former auto repair shop on a high traffic street provides a prime opportunity to own a well-located, immediate income-producing business. The 7,170 SF lot is located near to the Lowell/Dracut line and is within walking distance of the UMass Lowell North Campus. Previously operated as an auto repair and towing business, the property frontage spans Lafayette to New York Streets. The building features two garage doors, three auto lifts, an office, small customer waiting area, restroom, as well as off-street parking. The adjacent property at 10 Lafayette Street is also available for purchase; a 2-bedroom, 1-bathroom ranch-style single-family home on a 6,000 SF lot.
429 Riverside Street, Lowell, (Pawtucketville), MA, 01854
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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