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Presented by
Mark Gracia |
Prime mixed-use investment opportunity featuring two leased deleaded residential units and two established automotive commercial tenants. Residential component includes two apartments with two dedicated parking spaces each (4 total). Commercial component consists of a leased auto dealer/detail business and leased auto repair garage. Auto dealer license permits up to 80 vehicles — a rare and valuable commercial use approval. Strategically located on South Main Street/Route 2A with quick access to Route 2, Route 202, Route 32, and Route 122, offering excellent visibility and accessibility for both residential and business use. Diverse income streams, strong parking capacity, and existing tenant base make this an attractive long-term investment opportunity with upside potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.272.0000
Mark.Gracia@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.858.7106
Liz.Eckman@raveis.com
NMLS Mortgage Loan Originator ID 1195194
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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 | $1,080,000 | $1,080,000 | $1,080,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $525 | $525 | $525 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,132 | $6,475 | $9,114 |
| Total Monthly Payment | $6,782 | $7,125 | $9,764 |
* 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.