Live the dream of owning a piece of Rockport's iconic Bearskin Neck. This quintessential Rockport property has 1 residential unit and 1 commercial unit. Located in the heart of Rockport's shopping district with a central location to capitalize on the bustling tourist foot traffic. Each unit has robust income with a 3 yr lease on the commercial property, and very busy short term rental calendar in the residential space. Commercial space is currently occupied by a successful long term business. Residential space is a 3 bedroom,1 bath apartment with updated kitchen and bathroom with views of the iconic Motif. The central location is perfect for exploring the beautiful town of Rockport with beaches, restaurants, Shalin Liu Performance Center, shops and art galleries, all within minutes of your front door. This property allows you the flexibility of keeping this an investment property, or creating your own use of the space in short term (residential) and long term timeframes (both units).
42 Bearskin Neck, Rockport, MA, 01966
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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