MOTIVATED SELLER/$300K PRICE DROP! Investment and rental income opportunity with 'real estate only' included in this sale (aka restaurant not included in sale). It is a mixed-use building featuring a spacious restaurant and two residential apartments. The restaurant occupies over 5,000 square feet and includes outdoor seating, a beautifully designed bar with exceptional lighting, and a sophisticated yet inviting atmosphere. The two apartments provide additional rental income opportunities.According to public records, the building was constructed in 1947 and sits on a 0.49-acre lot. The total building area is approximately 8,025 square feet.There is a current business operating within the building is not included in the sale. This offering presents a unique opportunity to acquire a well-maintained property with established rental income and a prime location in New Bedford.
736 Ashley Blvd, New Bedford, (North), MA, 02745
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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