337 Parker offers a unique redevelopment opportunity with substantial exterior improvements already completed. This B2 zoned residential-style property is fully vacant and features a new roof and a newly constructed rear porch/egress. Situated on a large paved lot with abundant off-street parking, the property offers exceptional flexibility for business use or future potential for a two-family residence. Seller has obtained zoning-related relief associated with a proposed residential conversion, creating an attractive opportunity for investors, developers, contractors, or owner-occupants seeking a value-add project. Conveniently located near area amenities, major routes, and commercial services. Buyer to perform their own due diligence regarding intended use, zoning, permitting, code compliance, parking requirements, and any approvals required by the City of Springfield.
337 Parker St, Springfield, MA, 01129
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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