A unique property, N. Haverhill village, w/many possibilities--approx. 66, 000 sf total area in 3 buildings, plus 4 lumber storage sheds, on approx. 8 ac. flat land. The largest structure, 52, 467+/- sf, built 1930+/-, as a grocery distribution center has several sections, the largest a steel-framed, block wall, concrete (@ loading dock level) slab floor, heated warehouse space with 18-20' ceiling heights, 2 loading docks and a ramped access & roof clerestory windows. Bldg also contains: 1. 4252. 5 sf office/store area, solidly constructed of concrete block exterior, ceramic block interior walls and slab floor; 2. a large 3-stall high-ceilinged garage space (unheated); 3. 6554 sf. wood-framed showroom area; 4. 2708 sf 3-bay mechanical shop area. Also, 2 steel buildings, 7526 sf (heated) and 6008 sf (unheated). FOR INVESTORS: Approx. 80% occupied, income: $10, 200/mo. , (w/46000+/-sf @ below market rent for owner's business), tenants pay elec. -heat-water. Seller would consider a 1-yr. leaseback, with option, to liquidate or sell lumber-windows-doors-kitchen-bath businesses. FOR OWNER-USER: suitable for warehouse/distribution, industrial; BEGGING FOR CREATIVE USAGE—CONVERSION TO RESIDENTIAL, HYDROPONIC FARMING; RESEARCH, OFFICE; EDUCATIONAL?? Pre-Approval & Financial Statement/proof of purchase ability required prior to offers. Sewer available. Seller is in process of selling off 1. 5+/- ac. portion of land from original 9. 6, exact boundary & remaining acreage to be determined.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $1,480 | $1,480 | $1,480 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,195 | $7,783 | $10,453 |
Total Monthly Payment | $8,800 | $9,388 | $12,058 |
* 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.