Great investment opportunity! Ideal for investors and 1031 exchange buyers. These two free-standing commercial buildings along Main Street are ready for immediate rental income. Both buildings have been occupied by the same tenant for many years, including a restaurant and a home office, with a total monthly gross rent of $4,278. Both leases are active, and the tenant is responsible for all utilities and snow removal. The 2,138 sq ft restaurant received a full interior and exterior renovation between 2017 and 2018, including heating, AC, electrical, plumbing, roof, and more. The 844 sq ft home office building got a brand-new roof in 2018. There is ample off-street parking on site. Add this asset to your real estate portfolio right after purchase.
813-815 Main St, Leominster, MA, 01453
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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