Amazing opportunity with a long list of possibilities with this three building complex situated on almost one acre. The front/main building consists of roughly six office spaces on the 1st & 2nd fl w/common areas, several bathrooms and kitchen space + (1) one bed apartment. The 3rd fl has an additional unfinished apartment or office space. The house features hardwood floors throughout, natural light, built-ins, multiple fireplaces and a lot of original details/architecture. The rear bldg. B has two units that can be used for business or residential. The rear bldg. C has two residential units (1 bed & studio). The utilities are a mix of electric, oil and gas. All three buildings offer additional basement space for even more potential with storage, workshops, or industrial use. Signage in front by the entrance, great curb appeal + parking for approx. 30 cars off street between the front and back. A great opportunity for an investor looking for a mixed-use property ready to re-develop and make their own. Prime location with high visibility in the city's West Side, Cheney Brothers Historic District. This location also offers easy highway access to attract both tenants and customers.
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $471,920 | $471,920 | $471,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
Monthly Tax Payment | $955 | $955 | $955 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,061 | $3,100 | $3,951 |
Total Monthly Payment | $4,108 | $4,147 | $4,998 |
* 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.