We are excited to announce the availability of an income-producing property featuring 27 units rooming house. With new vinyl siding exterior and vinyl replacement windows, this well-maintained complex ensures an appealing living space for renters. Located conveniently near Highway 195, residents enjoy easy access to key commuting routes and nearby amenities. Just a short walk away, the Riverside Landing Shopping Plaza offers a variety of shopping and dining options. Notably, the property includes seller owned solar panels, which significantly offset electric bills, enhancing profitability. With many long-term tenants in place, this offering represents a stable investment opportunity. Whether you are looking to add to an existing portfolio or are a first-time investor, this property is a fantastic opportunity for steady returns.
Lot Description:
Corner Lot
Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, House of Worship, T-Station
162 Sawyer St, New Bedford, MA, 02746
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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
