Location, location, location! Minutes from Essex Junction's 5 corners, and just down the street from the Maple Street Park & Pool. Down the road from Global Foundries, close to I-89, and great skiing, biking, and more! Buyer encouraged to do their own due diligence but there are plenty of opportunities for this property zoned currently as Residential 2, a higher density area in Essex Jct. Some options for the property include building up to a 4 unit property which could be 1 or 2 buildings with proper setbacks (a single family home or duplex/triplex is also possible). The new property could be up to 35ft in height. This would be a prime investment property location with a good system, employers, shops, restaurants, recreation, public transit, and more nearby. Heating/hot water system was replaced 2022. The property has natural gas, is on public water and sewer. Cash, rehab loan, or construction loans, hard money loans are the only likely ways to purchase.
40 Maple Street, City Not Found, CT, 05452
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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