Mixed-use investment opportunity in the heart of Merrimac. This 1.164± acre Village Center-zoned property consists of two separate buildings: a 2,962 SF professional office building, constructed in 2013 and leased to an established dental practice, and a 3,759 SF two-family residence with two income-producing apartments (one 2 bedroom, one 4 bedroom). Diversified income from commercial and residential tenants provides stable cash flow, with upside potential from rental growth. Well-located minutes from I-495 and Route 110 with convenient access to Newburyport, Amesbury, Haverhill, and Southern NH. Ideal for investors, 1031 exchange buyers, family offices, or owner-users seeking supplemental rental income. Financial information available upon execution of a Confidentiality Agreement. Prospective buyers are encouraged to perform due diligence in all aspects of a contemplated acquisition. Redevelopment possibilities exist as well.
22-26 School St, Merrimac, MA, 01860
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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