341 Broadway Road, Dracut, MA, Massachusetts, property flyer

341 Broadway Road, Dracut, MA, 01826 | $1

Broadway Village - is a Comprehensive Permit under Chapter 40-B for the development of 300 apartment rental units, 12 retail units, a community pool and fitness space, sited on 46. 5-acres of wooded and vacant land in Dracut, MA. The development proposes approximately 363, 568 SF of residential area across four multi-story buildings including 14, 572 SF of retail space, with a total of 480 parking spaces. The unit mix will provide one, two, and three- bedroom unit types with 75 units designated as affordable at 80% AMI. The site has good access to major transportation with proximity to interchange I-95 and I-495 and within a 15-minute drive from the Lowell MBTA commuter rail into North Station. The property may be delivered with plans and final engineering substantially complete, including the potential for a building permit in hand, offering developers a rare “shovel-ready” multifamily opportunity in one of Massachusetts’ strong rental markets

Features

Zoning: Business
Lot Desc: Easements, Wetlands

MLS#: 73526254
Website: https://www.raveis.com
/prop/73526254/341broadwayroad_dracut_ma?source=qrflyer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Jerry Mazzeo courtesy of All Star Realty, Inc. Phone: 617-826-3490

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

Market your home to realize a quick sale at the best possible price
Place up to 20+ photos of your home on our website, raveis.com
Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
Showcase your home on raveis.com with a larger and more prominent format
Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Kate RockettRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1500191

617.281.4872

Kate.Rockett@raveis.com

Our Executive Mortgage Banker:

Is available to meet with you in our office, your home or office, evenings or weekends
Offers you pre-approval in minutes!
Provides a guaranteed closing date that meets your needs
Has access to hundreds of loan programs, all at competitive rates
Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance

978-337-3053

Paul.Berrios@raveis.com

Our Insurance Division:

Will Provide a home insurance quote within 24 hours
Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

341 Broadway Road, Dracut, MA, 01826

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Kate Rockett

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 617.281.4872

Kate.Rockett@raveis.com

NMLS Mortgage Loan Originator ID 1500191

	5/6 (30 Yr) Adjustable Rate Conforming*	30 Year Fixed-Rate Conforming	15 Year Fixed-Rate Conforming
Loan Amount	$1	$1	$1
Term	360 months	360 months	180 months
Initial Interest Rate**	6.125%	6.490%	5.750%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.424%	6.640%	5.952%
Monthly Tax Payment	N/A	N/A	N/A
H/O Insurance Payment	$75	$75	$75
Initial Principal & Interest Pmt	$0	$0	$0
Total Monthly Payment	$75	$75	$75

* 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.