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Unique investment property with great value add opportunity! The offering includes a six unit apartment building, a single family home and a vacant lot. The six unit building which was completely rebuilt in 2003 from it's former use as a movie theatre consists of 3-2 bedroom units and 3-1 Bedroom units all with separate utilities and loads of character! The single family is a ranch style one bedroom home on its own lot. The lot fronts on North Ave and is currently rented. All three parcels sit with in the Central Business District (CBD for zoning and uses see attached table. ) The possibilities are many for this unique offering. The properties are all on separate deeds and receive separate tax bills. Addresses are: 82 Railroad street ( 6 unit) 84 Railroad street (single family) 0 North Ave. ( Vacant lot. )
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,999,999
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 |
|
|---|---|---|---|
| Loan Amount | $1,599,999 | $1,599,999 | $1,599,999 |
| 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% | 6.259% | 6.058% |
| Monthly Tax Payment | $1,773 | $1,773 | $1,773 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,960 | $9,722 | $13,394 |
| Total Monthly Payment | $10,858 | $11,620 | $15,292 |
* 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.