Designated OPPORTUNITY ZONE could provide tremendous "Capital Gains Tax" exclusion to the BUYER of this multi-use HIGH PROFILE building located in a CN Com. Neighborhood Zone with frontage on 2 streets (a corner lot) between 2 major intersections close to the Downtown Train Station along w/FREE public transit. Former site of Community Action MAKE IT HAVERHILL. Current traffic count is approx 1000 cars a day, possibly destined to increase with the imminent closure of the Basiliere Bridge for rebuilding. This street level building contains approx 2000 sq ft of open space providing for VARIED uses. Easy Handicap entry along with 2 half baths (1 is handicap) and kitchen. Massive open basement approx 2000 sq ft provides for generous storage or expansion. Recent exterior refresh just the way you'd like it makes this property a standout in the area. PLEASE NOTE: This property may also be conducive to multiunit residential development with proper permits and variances obtained.
301 Washington Street, Haverhill, MA, 01830
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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