Rare mixed-use opportunity offering flexibility for investors, business owners, and owner-occupants. Situated on a huge lot with tons of parking, this property has a 1st floor commercial space currently configured as a salon and a spacious residential unit above. The commercial space has multiple stations, wash sinks, waiting area, laundry , and a restroom - ideal salon, barber, office, or retail space. The 2nd floor apartment offers generous living space with 2 bedrooms, large living and dining areas, and a unique loft. Separate utilities provide flexibility for owner occupancy or rental income. Conveniently located with easy access to Rt 20, Rt 146, the Pike, shopping, restaurants, and local amenities. Whether you’re looking to operate your business downstairs while living upstairs, add a mixed-use asset to your portfolio, or explore redevelopment potential, this property presents a unique opportunity in a desirable Millbury location. Seller is open to a lease-back for investors.
166 Millbury Ave, Millbury, MA, 01527
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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