BRICK 20-APT. NORTH EAST MANCHESTER corner of W. Brook St & Canal St. Near "The Millyard", home of many commercial firms, UNH, great restaurants; near SNHU campus & Amoskeag Bridge Exit 6, of Everett Tpke/I-93. Many improvements including newer roof, windows, blown-in insulation; has wet sprinkler system, fire-alarm system. (18, 149 sq. ft of apts). 2 coin-op laundry rooms, unused at present. 25+ car, paved parking on . 40 acre lot. Spacious; many are two-level apartments; high ceilings. Former mill building, leased or TAW apts now, could be future luxury condos. Perfect for a 1031 Exchange. 13 (2-bedrm), (4) 3-bedrm, (3) 1-bedrm. Bring your ideas! Think of it as Boston, North!
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Our Executive Mortgage Banker:
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William Raveis Real Estate
VP, Mortgage Banker
William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 20171
5/6 (30 Yr)
Adjustable Rate Jumbo*
|Term||360 months||360 months||180 months|
|Initial Interest Rate**||6.625%||7.375%||7.250%|
|Interest Rate based on Index + Margin||7.875%|
|Annual Percentage Rate||7.632%||7.480%||7.418%|
|Monthly Tax Payment||$2,735||$2,735||$2,735|
|H/O Insurance Payment||$125||$125||$125|
|Initial Principal & Interest Pmt||$23,051||$24,864||$32,863|
|Total Monthly Payment||$25,911||$27,724||$35,723|
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.