Excellent mixed-use investment opportunity offering strong income potential and business flexibility. The property features a two-unit residential component consisting of a studio apartment on the first floor and a one-bedroom apartment on the second floor, currently generating $2,200 per month in rental income. The commercial space is currently utilized as a licensed used car dealership office and includes a valid dealer license with capacity for up to 10 vehicles. The large, paved lot provides ample parking, vehicle display, and operational space. Residential units each feature a full bathroom, while the office space includes a convenient half bath. Whether you’re an investor seeking multiple income streams or an owner-operator looking to combine business and real estate ownership, this unique property presents a rare opportunity.
22 County 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.
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