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Rare opportunity to acquire a large-scale investment in one of Western Massachusetts emerging urban redevelopment corridors. This flexible space offers a combination of residential and commercial potential, making it an ideal opportunity for investors and developers. Originally constructed during Holyoke's industrial expansion, the building features classic mill architecture including high ceilings, large window lines, and expansive floor plates, providing the perfect foundation for loft apartments, creative offiice space, retail, maker spaces or light industrial use. Positioned directly across form the Holyoke Amtrak station and just minutes to Interstate 91. The surrounding neighborhood continues to see significant investment, achored by the nearby Open Square redevelopment campus, arts venues, restaurants and cultural attractions. Over 106000 Sq FT. - 55 + Rental Unit Potential / 10 Commercial Spaces. Message me today to explore the potential of this property.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,499,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,199,200 | $1,199,200 | $1,199,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $734 | $734 | $734 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,622 | $7,190 | $9,958 |
| Total Monthly Payment | $7,481 | $8,049 | $10,817 |
* 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.