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Unique opportunity to own this iconic Milford Diner, in business for over a century, with a 2 bedroom apartment on the second floor. The attached History details the fascinating journey this property has endured, and the myriad opportunities it has offered it's owners over the years. Originally sited on South Street as a furniture store, it was moved to it's current location somewhere in the late 1800's or early 1900's. Long-time residents, like myself, will remember this Diner fondly with it's many iterations over the years. Solid and well maintained, with a truly prime location, there are endless opportunities here as Milford has established itself as a bit of a dining mecca. Bring your new vision, or continue it's current operation as a breakfast and lunch Diner. A complete list of appliance and equipment inventory is attached. Sale is based on Real Estate and there are no financials from current owner. Very unique opportunity for the discerning Buyer.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,920 | $319,920 | $319,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.173% | 7.316% | 6.550% |
Monthly Tax Payment | $445 | $445 | $445 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,075 | $2,155 | $2,743 |
Total Monthly Payment | $2,595 | $2,675 | $3,263 |
* 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.