Presented byKatie Clancy - The Cape House |
EAC Properties Presents 334 Main St. A remarkable Core Plus / Value Add investment opportunity located in the vibrant heart of West Haven, CT, this well-maintained, mixed-use building boasts an all-brick exterior that adds a classic touch to the bustling streetscape. Existing leases well below market. The ground floor & rear patio are home to a thriving bar & grill restaurant that's become a local hotspot, serving not just food and drinks, but a sense of community. Adjacent to the restaurant is a fully renovated 1, 900 sq ft office space just waiting for a perfect tenant featuring 6 private offices, a large common area perfect for a coworking setup or customer reception, and 1. 5 convenient bathrooms, a wet bar area, and a break room. Upstairs, you'll find two units currently occupied as law offices. Building occupancy upon delivery is flexible for new tenants or owner users. Located across from City Hall amidst a sea of popular restaurants, retail stores, and other thriving businesses, 334 Main St. sits in a high-traffic area, offering unparalleled visibility and customer draw. Purchased in 2019 the new owner updated the HVAC system, upgraded electrical, and separated all utilities except heat on the 2nd floor which is shared. Take advantage of owning a piece of West Haven's bustling business district!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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For homebuyers and sellers, our Attorney Network:
$800,000
Sales Vice President
William Raveis Real Estate
Phone: 508.737.1248
Katie.Clancy@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $640,000 | $640,000 | $640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | $1,124 | $1,124 | $1,124 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,366 | $4,254 | $5,397 |
Total Monthly Payment | $5,582 | $5,470 | $6,613 |
* 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.