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Mixed use commercial property on the Saco River with a 2-3 BR apartment on the second floor. Established European auto service facility occupies the front service bays, an office, lunch room and bath while the current owner keeps a back bay for his own projects. Upstairs is a residential apartment in the process of getting some upgrades as the apartment tenant who lived there for 19 years has finally moved on. A level lot with 172 feet on the Saco River makes this property a true gem. Canoe, go swimming from your sandy beach, or sit on the deck and enjoy the view of the Covered Bridge while you collect your rent check. Need more space or have a business of your own? Take over the entire building for your own use at the lease end. You could not build this close to the river today so grab this property while it's still available! Broker interest. Interior pictures to follow.
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$250,000
William Raveis Real Estate
Phone: 888.699.8876
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Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
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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 |
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|---|---|---|---|
| Loan Amount | $200,000 | $200,000 | $200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.371% | 6.292% | 5.628% |
| Monthly Tax Payment | $260 | $260 | $260 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,167 | $1,215 | $1,621 |
| Total Monthly Payment | $1,502 | $1,550 | $1,956 |
* 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.