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**657 Orange Center Road**, a 5, 260 square foot, two-story office building, has undergone a comprehensive renovation and is situated in the heart of Orange, Connecticut. This turnkey property comprises 23 private offices, 17 on the main level and 6 upstairs, making it an ideal choice for individuals seeking to generate revenue through tenant expenses. The building is designed to be divided into three distinct spaces: two spaces on the main level each with its own bathroom and conference room with a shared kitchenette, and one on the upper level with a full bathroom and kitchenette. The building can be separated into two approximately 2, 000 square foot spaces on the main level and one approximately 1, 300 square foot space on the second level. The building's HVAC systems have been upgraded and are equipped with two systems, one for each floor. The first floor is fueled by propane, while the second floor is fueled by oil. The building features three electric panels, two for the first floor and one for the second floor, providing flexibility in optimizing space utilization. Additionally, the parking lot has been recently paved. The building offers 18 on-site parking spaces, ADA parking, and a ramp into the building, with outdoor lighting and an electric vehicle charging station, strategically positioning it for professional uses such as medical, law, accounting, physical therapy, med spa, or salon. The building also offers a full basement for additional storage and easy acce
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William Raveis Real Estate
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Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $639,920 | $639,920 | $639,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.292% | 5.609% |
| Monthly Tax Payment | $1,265 | $1,265 | $1,265 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,633 | $3,888 | $5,186 |
| Total Monthly Payment | $4,990 | $5,245 | $6,543 |
* 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.