Fantastic investment opportunity for an ideal Commercial Business: 14 Prospect Street in Gilbertville/Hardwick, MA. This is a Mixed-Use property, primarily commercial, which includes 1 residential unit. This property has seen recent, significant upgrades, including new electrical & plumbing throughout, new electrical service, new heat & A/C units in the laundromat & rental unit. The first floor features a coin-operated laundromat w/4-year-old washers & dryers, full interior camera surveillance,& 2 handicap-accessible bathrooms. The current monthly income generated by the laundromat is approximately $2,700. The residential unit is rented , generating $1,100 per month, but could also be converted into commercial space. The second floor offers tremendous potential. It can be developed into additional office space or another rental unit, pending the installation of a second egress & securing the proper town permits. This property is a strong money-maker in a great location.
14 Prospect St, Hardwick, MA, 01031
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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