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THESE DEALS DON'T POP UP TOO OFTEN!!! Two commercial properties sitting on over 1/3 of an acre which consists of (3) separate city lots within two blocks from US301 and SR16 light. Excellent loaction for a variety of businesses ranging from Professional Office, Music Venue, Coffee Bar, Spa, etc. There are two existing buildings on the property. A Single Family home with 1028sf that was recently remodeled but still could use a few final touches. The 3/1 home was built in1948 and has a metal roof and super cute front porch. This home faces Walnut St.
The other building is a commercial building previously used as a coffee bar and lounge. This building was built in 1940 and features 1484sf with two bathrooms and lots of space for designing it to fit yor needs. The HVAC was replaced in 2023 and it has a metal roof.
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $190,320 | $190,320 | $190,320 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.292% | 5.628% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,096 | $1,156 | $1,542 |
| Total Monthly Payment | $1,171 | $1,231 | $1,617 |
* 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.