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INCREDIBLE LOCATION!! This sale includes two properties, a well established family owned convenience store along with a 3-bedroom cape style home on . 20 acres combined. Store is approximately 1100 sq. ft. with a ton of storage in the lower level and boasts 8 parking spots in front for easy in and out for customers, very strong lottery commission, proven sales and HIGH VOLUME TRAFFIC AREA. The residence features hardwood floors throughout, spacious livingroom, large bedrooms, full basement, one car attached garage and a fenced in yard. Use as an investment by leasing out the retail and renting out the home or run the convenience store and let the home rental help pay your note. ATTENTION DEVELOPERS, possible option would be to build a mixed use building with retail and residences. Walking distance to the commuter rail, under 2 miles to Legacy Place and a few minutes drive to the City. Dedham is a booming commercial and residential market and this property has both!!
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$3,800,000
William Raveis Real Estate
Phone: 888.699.8876
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $3,040,000 | $3,040,000 | $3,040,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,608 | $1,608 | $1,608 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $17,023 | $18,471 | $25,448 |
| Total Monthly Payment | $18,756 | $20,204 | $27,181 |
* 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.