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Price reduced by $100K. 103 Main Street offers 3, 100 SF of versatile space across three floors each with approximately 1, 100 sf of space. The 1st floor is currently set up as new office space, but would be an excellent location for a restaurant with apartments above on the 2nd and 3rd floors. A restaurant and residential meets current zoning as well. The upper two floors have been gutted to create a vanilla shell making a custom fit out fast and easy with its 14-foot high to 18-foot high ceilings. The classic exposed brick walls provide that New England charm that so many renters desire with historic downtown living. Both upper floors offer a clean canvass, perfect for residential units, which is most in demand. Other unique improvements include a new roof, fully painted exterior and custom-made Romeo and Juliet balconies -usually only seen in high-end buildings in Manhattan, a gorgeous touch to this landmark building. Plenty of on-street and free parking at any of the three municipal parking facilities located within one-block of the site. The property is near Rt 8 and Rt 15 and within 10 miles of I-95 and US Route 1 and Rt 15 Wilbur Cross and Merritt Parkways. Located on restaurant row and directly across from the famed Uptown Restaurant - formerly Crave on a revitalized and bustling Main Street. This amazing property is being sold AS-IS Where Is with no contingencies. Inspections for informational purposes only. Proof of Funds required with all offers.
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Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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---|---|---|---|
Loan Amount | $399,920 | $399,920 | $399,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.649% | 5.764% |
Monthly Tax Payment | $315 | $315 | $315 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,302 | $2,525 | $3,266 |
Total Monthly Payment | $2,691 | $2,914 | $3,655 |
* 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.