Prime redevelopment opportunity along South Boston’s East Broadway corridor. 614–618 E. Broadway is a mixed-use property currently comprised of street-level commercial space (configured as 1–2 units) with four residential units above. Situated on an approximately 2,795 ± sq ft parcel, the property requires renovation or re-development and is being sold as-is. Located within Local Industrial (LI) zoning district, the site supports a range of uses. By-right uses generally include commercial, light industrial, and certain mixed-use configurations. Residential use and higher-density redevelopment may be permitted subject to approvals/relief (buyer to perform due diligence). Prominently located with strong visibility, close to the Seaport District, downtown Boston, and public transportation. Excellent value-add opportunity in a high-demand submarket.
614-618 E. Broadway, Boston, (South Boston), MA, 02127
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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