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This prime mixed-use property, combining commercial and residential opportunities, is located on a main road with high visibility and convenience. Adjacent to Family Dollar and other popular shops, it attracts foot traffic and provides ample parking for customers. Just minutes from the highway and 15 minutes from Yale University and Yale Hospital, it's ideal for businesses serving the local community and commuters. Retail Property Description: This versatile first-floor commercial unit has a spacious layout spanning 1, 394 square feet, making it ideal for a variety of business uses. The property features four well-proportioned rooms, allowing for flexible configuration to suit offices, client meeting spaces, or work areas. A full bathroom adds convenience, ensuring the space is functional for both staff and visitors. With its prime location and adaptable design, this unit is perfect for professionals seeking easily accessible workspace. Residential Property Description: This charming second-floor residential unit spans 1, 466 square feet and has a spacious and inviting layout. The unit features four rooms, including two comfortable bedrooms, perfect for relaxation and restful living. A full bathroom provides convenience and modern amenities. The remaining rooms have flexibility for a cozy living area, dining space, or even a home office. With its well-designed layout and generous square footage, this residence is ideal for individuals or families seeking a comfortable and functional living space.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
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 |
|
---|---|---|---|
Loan Amount | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
Monthly Tax Payment | $676 | $676 | $676 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,993 | $3,330 | $4,318 |
Total Monthly Payment | $3,761 | $4,098 | $5,086 |
* 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.