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Presented by
Jesse Bilodeau |
Welcome to 747 Blue Hills Avenue, a well-maintained mixed-use property offering strong visibility, steady traffic flow, and flexible income potential in one of Bloomfield's highly traveled commercial corridors. This versatile building features a combination of retail/commercial space on the first floor with residential units above, making it ideal for both investors and owner-occupants seeking dependable returns. The ground-floor commercial space offers an open layout, currently being rented as a Barber shop, large storefront windows, and excellent street presence-perfect for retail, office, service businesses, or a long-term tenant. Upstairs, the residential units provide reliable rental income with spacious layouts, natural light, and private entrances. The property sits on a generous lot, offering ample parking, easy access, and options for future improvements or expansion (buyer to do due diligence). Located minutes from Bloomfield Center, Hartford, and major roadways, this property benefits from strong demographics, a stable tenant base, and continuous demand for both commercial and residential rentals in the area. Whether you're looking to expand your portfolio or secure a high-visibility space for your business, 747 Blue Hills Avenue is a rare opportunity you don't want to miss! Schedule a tour today!
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$599,900
Sales Associate
William Raveis Real Estate
Phone: 617.480.2518
Jesse.Bilodeau@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 339.224.0866
Scott.Petersen@raveis.com
NMLS Mortgage Loan Originator ID 32556
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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 | $479,920 | $479,920 | $479,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | $1,106 | $1,106 | $1,106 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,725 | $2,874 | $3,827 |
| Total Monthly Payment | $3,923 | $4,072 | $5,025 |
* 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.