Exceptional investment opportunity with this solid mixed-use property featuring 3 storefronts, a spacious office previously used as a tax service business and 2 residential units. Delivered semi-vacant, this property offers endless possibilities for an owner-user, investor, or developer looking to maximize value. Property Highlights include 4 street-level commercial units with strong visibility, one unit currently with a tenant at will. 2 residential apartments including a 1-bedroom unit and spacious 3-bedroom unit. Both units have tenants at will. Set your own rents or customize tenants. Ideal for retail, office, or service-based businesses. Whether you’re looking to create a steady income stream, reposition the asset, or bring your own business vision to life, this property is a rare blank canvas in a desirable setting. Roof on residential side of building done approximately 1 year ago. Store front unit previously used as a restaurant in need of renovation.
305-309 Rivet St, New Bedford, MA, 02744
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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
