Presenting a great investment opportunity at 914-916 Belmont Ave, Springfield, MA. This mixed-use duplex, built in 1922, offers a total of 3,666 sq ft of space across two units. The first floor is currently an updated office space, perfect for commercial use, while the second floor provides residential living with 2 bedrooms and 1 bathroom. The third floor was being renovated to expand and enhance the second-floor unit, adding even more living space. The property has been updated with all the major components, ensuring modern functionality. Situated on a 5,662 sq ft lot, the property also offers off-street parking for up to 4 vehicles. The mixed-use zoning provides flexibility for various business ventures, while the location in the Forest Park neighborhood ensures convenience to local amenities and major highways.
914-916 Belmont Ave, Springfield, MA, 01108
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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