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Presented by
Angela Rizzi Team |
A unique home-based business opportunity--zoned residential with a residential mobile home and a large, detached garage, this property enjoys a grandfathered status to operate as an automobile repair shop, offering rare flexibility for an owner occupier or an investor. Offering consistent drive by traffic, the property is situated on a bustling intersection with businesses, such as a gas station/donut shop, and a bus company. For investors, the layout presents an appealing dual income scenario-rent out the residential unit while leveraging the repair shop designation. There is possibility of expanding the home or the garage (subject to town approval etc. ). There is also attractive flexibility for the home-based business, benefiting from the high visibility intersection. The garage has oil heat, roof is approximately 12 years old and has recently been renovated with new windows, fresh paint, and epoxy floor covering. There is plenty of parking in the front and alongside the garage. Note: the mobile home is in poor condition and should probably be replaced, or a new structure built. In short, it's a rare, adaptable property with strong income potential, excellent market exposure and room to grow. Property is selling AS IS. Opportunity awaits! Make your appointment to view this property today. Interested parties to verify business opportunities with Mansfield planning and zoning.
| Type | Level |
|---|---|
| Bedroom 1 | Main |
| Dining Room | Main |
| Living Room | Main |
| Primary Bedroom | Main |
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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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 | $207,200 | $207,200 | $207,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.168% | 5.609% |
| Monthly Tax Payment | $131 | $131 | $131 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,176 | $1,241 | $1,679 |
| Total Monthly Payment | $1,382 | $1,447 | $1,885 |
* 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.