A rare opportunity to own a one-of-a-kind ocean-view investment property just steps from Salisbury Beach. This unique offering includes two buildings with four residential units, blending luxury coastal living with outstanding income potential. The owner's residence has been completely renovated, including raising the roof two feet to create an open, light-filled living space. East-facing windows and sliders capture stunning sunrise and ocean views, while the gourmet chef's kitchen features an oversized island, premium Thermador appliances, custom cabinetry, and high-end finishes. The primary suite offers a spa-like ensuite with a tiled walk-in shower, walk-in closet and sliding door that leads to an impressive 48-foot trex deck overlooking the Atlantic. Three additional updated 2-bedroom, 1-bath units provide excellent rental income potential for long- or short-term rentals. Other highlights include a one-car garage, six assigned parking spaces, and close private beach access.
| Type | Description |
|---|---|
| Laundry | Washer & Dryer Hookup, Washer Hookup |
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,995,000
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 |
|
|---|---|---|---|
| Loan Amount | $1,596,000 | $1,596,000 | $1,596,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.157% | 6.137% |
| Monthly Tax Payment | $1,124 | $1,124 | $1,124 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,062 | $9,569 | $13,360 |
| Total Monthly Payment | $10,311 | $10,818 | $14,609 |
* 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.