10-12 Vernon St, Wakefield, MA, Massachusetts, property flyer

10-12 Vernon St, Wakefield, MA, 01880 | $1,749,000

10-12 Vernon Street commercial/residential building offering 2 commercial spaces and 2 residential spaces. Currently one commercial space is a Mexican take out restaurant and the 2nd one (approx 1100 st ft) had a convenient store and now is vacant. Unit 1 offers 3BR's 1BA and some outdoor space. Unit 2 offers 4BR's 3BA and large deck. Separate utilities/ total of 8 parking spots. The storefront was getting $2250/month. . . Mexican take out restaurant $2250/month (lease) 3BR unit $3600/month TAW and also has approx 400 sq ft additional space . located LL to right of former Quik Mart store, that is included in the rent. . . 4BR unit $2800/month TAW. #10 Vernon was gutted to the studs with brand new electric/plumbing/furnace in 2007. #12 was built new in 2007. First showings include exterior and 2 commercial spaces only.

Features

Utilities: Public Water, Public Sewer
Zoning: B
Year Built: 1900

Acreage: 0.19
Est. Taxes: $15,299
MLS#: 73406314

Website: https://www.raveis.com
/prop/73406314/1012vernonst_wakefield_ma?source=qrflyer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Gina M. Jones courtesy of Barrett, Chris. J., REALTORS® Phone: 781-245-5011

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Kate RockettRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1500191

617.281.4872

Kate.Rockett@raveis.com

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10-12 Vernon St, Wakefield, MA, 01880

$1,749,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Kate Rockett

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 617.281.4872

Kate.Rockett@raveis.com

NMLS Mortgage Loan Originator ID 1500191

	5/6 (30 Yr) Adjustable Rate Jumbo*	30 Year Fixed-Rate Jumbo	15 Year Fixed-Rate Jumbo
Loan Amount	$1,399,200	$1,399,200	$1,399,200
Term	360 months	360 months	180 months
Initial Interest Rate**	5.000%	5.875%	5.625%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.048%	5.984%	5.806%
Monthly Tax Payment	$1,275	$1,275	$1,275
H/O Insurance Payment	$125	$125	$125
Initial Principal & Interest Pmt	$7,511	$8,277	$11,526
Total Monthly Payment	$8,911	$9,677	$12,926

* 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.