Fantastic investment opportunity, especially for an investor with large/growing holdings requiring storage space or a contractor/business owner that will utilize both the plentiful parking and storage, as well as the income aspect of the residential units. Property consists of the following: 3-family, consisting of a studio, a one-bedroom and a two-bedroom, all with heat and hot water inc. At the back of the lot is a two-bedroom single-family home, with the tenant paying own gas and electric. 11 storage units, all cold storage, with electricity included in the rent: one double-unit in front, 3 single width storage units in front, 2 long and deep single storage units under rear 1-family and 5 medium size storage units w/door access (no overhead door/garage door) at the back side of the lot by the single-family. This makes for a total of 4 residential units and 11 storage units. Current rents are well under market
55-59 White Street, Lowell, MA, 01854
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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