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Presented by![]() Debbie Fisher |
Mixed-use commercial building located just minutes from the beaches in West Haven, the University of New Haven, and a short drive to Yale University. The property includes: Residential Units: Two 2-bedroom apartments on the second floor, each equipped with an electric range and refrigerator. Both units feature new covered access to off-street parking. Washer and dryer hookups are available in the basement, and the washers and dryers are included with the sale. Commercial Spaces: Unit 1: An office space with a designer ceiling fan, track lighting, and marble flooring. It offers excellent potential for uses such as mobile phone sales or similar businesses. Unit 2: A salon space with window signage and a convenient half bath on the first floor. Unit 3: A smoke shop/deli that comes with some included equipment and offers additional storage in the basement. There's also a half bath located in the basement. Additional Features: The basement houses mechanical systems and the building's fire alarm system. Current rents have room for growth based on market trends. Long-term tenants are on a month-to-month basis. Agent-owned property. This versatile building presents a great opportunity for investment, offering both residential income and commercial rental potential in a highly desirable location.
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$550,000
Sales Associate
William Raveis Real Estate
Phone: 203.247.4092
Debbie.Fisher@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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Loan Amount | $440,000 | $440,000 | $440,000 |
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 | $762 | $762 | $762 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,533 | $2,817 | $3,654 |
Total Monthly Payment | $3,387 | $3,671 | $4,508 |
* 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.