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**Prime Investment Opportunity – Fully Occupied Strip Mall with Growth Potential!** Attention investors and business owners! This well-maintained shopping center strip mall is now available for sale. A fantastic opportunity awaits with a fully occupied retail lineup, except for one vacant store, and additional rental space available on the second floor. Total monthly income about 22, 000 currently. This property features a diverse mix of long-term tenants, including a post office, liquor store, physical therapy office, pizza shop, hair salon, and a newly leased bakery. A lease is also in negotiation for a smoke shop and part of the upstairs space, adding further income potential. Strategically located in a high-traffic area, this property offers excellent visibility and foot traffic, making it a prime asset for any investor. Don’t miss out on this exceptional opportunity! For more details or to submit your highest and best offer, please contact **eidelmoses2@gmail. com**.
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Our Executive Mortgage Banker:
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$3,199,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,559,999 | $2,559,999 | $2,559,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.637% | 6.309% |
Monthly Tax Payment | $3,780 | $3,780 | $3,780 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,737 | $16,181 | $21,776 |
Total Monthly Payment | $18,642 | $20,086 | $25,681 |
* 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.